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

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LEASED

New York

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Retail5,229 SF
Leased 12/20/2021
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LEASED

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

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

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Retail5,229 SF
Leased 12/20/2021
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Summary

NEW YORK
Asset Type:Retail
Total Square Footage:5,229 SF
Transaction Type:Lease

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
21 deals$1.6M volume(646) 845-0351
BROKER

Oded Nachmani
Current Real Estate Advisors
16 deals
BROKER

Reuben Brothers
LANDLORD

Details

LEASED
IMAGE: Brandon Charnas, Geoff Schneiderman, Jamie Reuben & Oded Nachmani DATE: 12/20/2021 ADDRESS: 761 Madison Avenue MARKET: Upper East Side ASSET TYPE: Retail LANDLORD: Reuben Brothers TENANT: Eleventy Milano (@Eleventy_Milano) BROKERS: @CurrentRealEstate - Oded Nachmani (@OdedNachmani) & Brandon Charnas (@BrandonCharnas) ASKING RENT: $900/ft. ~ SF: 5,229

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Deal Type
Effective Rent (Annual)

$299,723.12

Total Lease Value

$2,997,231.25

Net Landlord Cash Flow$299,723.12