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Kiton Signs Lease For Retail Space At 692 Madison Avenue In Upper East Side With Landlord's Rep Marc Sitt & Dorel Melloul - KSR

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LEASED
Alan Wildes
Marc Sitt
+ 1

New York

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Retail2,400 SF
Leased 12/01/2020
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Property Image
LEASED

Kiton Signs Lease For Retail Space At 692 Madison Avenue In Upper East Side With Landlord's Rep Marc Sitt & Dorel Melloul - KSR

692 Madison Avenue, Manhattan, New York, NY, USA

See Similar Deals
Retail2,400 SF
Leased 12/01/2020
Alan Wildes
Marc Sitt
+ 1
Contact now

Summary

NEW YORK
Asset Type:Retail
Total Square Footage:2,400 SF
Transaction Type:Lease

A retail space located at 692 Madison Avenue in the Upper East Side has been leased. The property, with a total square footage of 2,400, was leased by the tenant @Kiton. The lease transaction took place on 12/01/2021.

Summary of transaction details:

  • Property Type: Retail
  • Date: 12/01/2021
  • Address: 692 Madison Avenue
  • Market: Upper East Side

The tenant, represented by Ian Lerner & Alan Wildes of Cushman & Wakefield, secured the lease deal. On the other side, the landlord was represented by Marc Sitt & Dorel Melloul of KSR.

The asking rent for the retail space was $500 per square foot.

Players

Marc Sitt
64 deals$272.9M volume(917) 757-8863
BROKER

Dorel Melloul
Kassin Sabbagh Realty
32 deals$4.8M volume
BROKER

Ian Lerner
Cushman & Wakefield
5 deals
BROKER

Alan Wildes
Cushman & Wakefield
2 deals
BROKER

Details

LEASED
IMAGE: Marc Sitt & Dorel Melloul DATE: 12/01/2021 ADDRESS: 692 Madison Avenue MARKET: Upper East Side ASSET TYPE: Retail TENANT: @Kiton TENANT'S REP: Ian Lerner & Alan Wildes - Cushman & Wakefield LANDLORD'S REP: Marc Sitt (@Retail.Marc) & Dorel Melloul (@JewAndTheCity) - KSR (@Kassin_Sabbagh_Realty) ASKING RENT: $500/ft. ~ SF: 2,400

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Deal Type
Effective Rent (Annual)

$137,566.55

Total Lease Value

$1,375,665.52

Net Landlord Cash Flow$137,566.55