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
About this deal
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.
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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