Initio Parfums Prives Signs Retail Lease At 784 Madison Avenue With Campustar USA Inc
784 Madison Avenue
$600
$600/SF
Building Size
1,000 SF
Asset Type
Retail
Closing
Sep 4, 2025
AI
The asset involved in the transaction is a retail property located at 784 Madison Avenue in the Upper East Side market. The asking rent for the space is $600 per square foot, and the total square footage of the property is 1,000 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $600/ft
- Address: 784 Madison Avenue
- Market: Upper East Side
- Landlord: Campustar USA Inc C/O Evan Maron
- Tenant: Initio Parfums Prives
- Landlord's Representative: Gary Dana - Douglas Elliman
- Tenant's Representative: George Skaliarinis & Jack Hamadani - KSR
- Lease Type: Retail Lease
The deal was facilitated by Gary Dana from Douglas Elliman representing the landlord, while the tenant was represented by George Skaliarinis and Jack Hamadani from KSR. The successful lease agreement highlights the involvement of these key players in the retail transaction.
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
26438.33%
Cash-on-Cash
-7556.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93