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:
- Property Type: Retail
- Transaction Amount: $640/ft
- Square Footage: 300
- Address: 829 Madison Avenue
- Market: Upper East Side
- Landlord: Midwood Investment & Development
- Tenant: Minnow
- Landlord's Representative: Andrew Schulman & Ryan Schimel - Capricorn Retail Advisors
- Tenant's Representative: George Skaliarinis & Jacky Yedid - KSR
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
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