Akris Leases Retail Space At 833 Madison Avenue In Lenox Hill, Manhattan
833 Madison Avenue
$675
$675/SF
Building Size
1,767 SF
Asset Type
Retail
Closing
Sep 28, 2023
AI
The retail property at 833 Madison Avenue in Lenox Hill, Manhattan has been leased to Veronica De Piante. The lease is a holiday pop-up lease, with a modified gross lease type. The property measures 1,767 square feet, and the asking rent is $675 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: N/A
- Date: 09/28/2023
- Address: 833 Madison Avenue, Lenox Hill, Manhattan
- Market: Lenox Hill, Manhattan
- Landlord: Akris
- Tenant: Veronica De Piante
- Landlord's Representative: Joel Isaacs - Isaacs & Company
- Tenant's Representative: Brandon Singer & Lauren Farnoosh - Retail By Mona
- Asking Rent: $675/ft
- Square Feet: 1,767
- Lease Type: Modified Gross Lease
- Lease Term: Holiday Pop-Up
Joel Isaacs from Isaacs & Company represented Akris, the landlord in this lease transaction. On the other hand, Brandon Singer and Lauren Farnoosh from Retail By Mona represented Veronica De Piante, the tenant.
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
23500.74%
Cash-on-Cash
-6716.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93