Eleventy Milano Leases Retail Space At 761 Madison Avenue From Vornado Realty Trust
761 Madison Avenue, Manhattan, New York, NY, USA
Building Size
3,379 SF
Asset Type
Retail
Closing
May 30, 2020
About this deal
AI
Haim Chera, Steve Roth, Oded Nachmani, and Geoff Schneiderman were involved in a lease transaction in the Upper East Side. The property, located at 761 Madison Avenue, is a retail space. The tenant, Eleventy Milano, was represented by Geoff Schneiderman. Vornado Realty Trust served as the landlord. Oded Nachmani from Current Real Estate acted as the broker in the deal.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: N/A
- Asking Rent: $500/ft.
- Square Footage: 3,379
- Address: 761 Madison Avenue
- Market: UES
Geoff Schneiderman, representing Eleventy Milano, negotiated the lease deal. The landlord, Vornado Realty Trust, agreed to the lease terms. Oded Nachmani from Current Real Estate facilitated the transaction as the broker.
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