Madison Treasures Leases Retail Space In Times Square For $200/ft
790 7th Avenue
Building Size
1,800 SF
Asset Type
Retail
Closing
Oct 1, 2022
About this deal
AI
The retail property at 790 7th Ave in Times Square has been leased. The transaction took place on 10/01/2022. The property is owned by The Manhattan at Times Square Hotel and the tenant is Madison Treasures.
Summary of transaction details
- Property Type: Retail
- Asking Rent: $200/ft.
- Square Footage: 1,800
Nathan Aballi, Albert Manopla, and David Green from KSR served as the brokers representing both the tenant and the landlord in the deal.
Traded’s record for 790 7th Avenue in New York, New York covers a retail lease from 2022. The building is 1,800 square feet, implying about 200 per square foot on the published price. Nathan Aballi, David Green, Albert Manopla, Madison appear on the lease alongside Kassin Sabbagh Realty. This page is the New York, New York file for the 790 7th Avenue retail leased: pricing, party profiles, and other closed retail comps from the same New York sit in the Market section below. Filter that New York retail set by closing date to see what else leased near 790 7th Avenue around 2022. Cite this Madison Treasures Leases Retail Space In Times Square For $200/ft lease when underwriting similar retail product around New York, New York.
On the Map
Retail
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Players
New York Retail Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
79315.00%
Cash-on-Cash
-22668.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93