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829 Madison Avenue

Minnow Signs Retail Lease At 829 Madison Avenue Represented By KSR In Upper East Side
LEASEDRetail

Minnow Signs Retail Lease At 829 Madison Avenue Represented By KSR In Upper East Side

829 Madison Avenue

$640

$640/SF

Building Size

300 SF

Asset Type

Retail

Closing

Feb 24, 2025

AI

The asset involved in this transaction is a retail property located at 829 Madison Avenue in the Upper East Side market. The total square footage of the space is 300, with an asking rent of $640 per foot.

Summary of transaction details:

This lease transaction involves notable representatives including Andrew Schulman and Ryan Schimel who facilitated the deal for the landlord, while the tenant's interests were represented by George Skaliarinis and Jacky Yedid.

Players

George Skaliarinis

Kassin Sabbagh Realty

Broker

$7M

vol

53 deals

Broker
Midwood Investment & Development
Midwood Investment & DevelopmentLandlord

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

24785.94%

Cash-on-Cash

-7083.90%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93