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784 Madison Avenue

Initio Parfums Prives Signs Retail Lease At 784 Madison Avenue With Campustar USA Inc
LEASEDRetail

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

George Skaliarinis

Kassin Sabbagh Realty

Broker

$7M

vol

53 deals

Broker
Douglas Elliman
Douglas EllimanBrokerage

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