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
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