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819 Madison Avenue, New Yor...

Forma Pilates Leases Retail Space On Upper East Side, NYC At 819 Madison Ave
LEASEDRetail

Forma Pilates Leases Retail Space On Upper East Side, NYC At 819 Madison Ave

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

Building Size

1,200 SF

Asset Type

Retail

Closing

Oct 13, 2022

AI

The retail property located at 819 Madison Avenue in the Upper East Side has been leased. The tenant, Forma Pilates, will occupy the space. The lease transaction was facilitated by Liana Levi of Liana Levi, Brandon Singer & Max Kreinces. The landlord of the property is Friedland Properties, represented by Sarah Fabian.

Summary of transaction details:

  • Property Type: Retail
  • Date: 10/14/2022
  • Address: 819 Madison Avenue
  • Market: Upper East Side
  • Tenant: Forma Pilates
  • Tenant's Representative: Brandon Singer & Max Kreinces - Retail by MONA
  • Landlord: Friedland Properties
  • Landlord's Representative: Sarah Fabian - Friedland Properties
  • Asking Rent: $100/ft.
  • Square Footage: 1,200

The lease agreement for the retail property at 819 Madison Avenue was completed successfully. Liana Levi, Brandon Singer, Max Kreinces, and Sarah Fabian played key roles as representatives of the tenant, Forma Pilates, and the landlord, Friedland Properties. The terms of the lease include an asking rent of $100 per square foot for a total space of 1,200 square feet.

Players

Brandon Singer

Retail By Mona

Broker

$84.3M

vol

59 deals

Broker
FP
Friedland PropertiesLandlord
FP
Forma PilatesTenant

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