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
Building Size
2,400 SF
Asset Type
Retail
Closing
Dec 1, 2020
AI
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
New York Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93