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761 Madison Avenue, New Yor...

Eleventy Milano Leases Retail Space At 761 Madison Avenue On Upper East Side
LEASEDRetail

Eleventy Milano Leases Retail Space At 761 Madison Avenue On Upper East Side

761 Madison Avenue, New York City, New York 10065, United States

Building Size

5,229 SF

Asset Type

Retail

Closing

Dec 20, 2021

AI

Eleventy Milano, an Italian retail brand, has signed a lease for a retail space located at 761 Madison Avenue in the Upper East Side market of New York City. The property, spanning 5,229 square feet, is owned by Reuben Brothers. The lease transaction was facilitated by Oded Nachmani and Brandon Charnas from Current Real Estate.

Summary of transaction details:

  • Property Type: Retail
  • Date: 12/20/2021
  • Address: 761 Madison Avenue
  • Market: Upper East Side
  • Landlord: Reuben Brothers
  • Tenant: Eleventy Milano
  • Brokers: Oded Nachmani and Brandon Charnas from Current Real Estate
  • Asking Rent: $900/ft.
  • Square Footage: 5,229

Eleventy Milano's lease agreement for the retail space at 761 Madison Avenue was successfully negotiated by Oded Nachmani and Brandon Charnas from Current Real Estate. The Italian retail brand will join the prestigious Upper East Side market in New York City. The specific terms and conditions of the lease transaction were not disclosed.

Players

Brandon Charnas

Current Real Estate Advisors

Broker

$1.6M

vol

21 deals

Broker
Reuben Brothers
Reuben BrothersLandlord

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