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833 Madison Avenue

Akris Leases Retail Space At 833 Madison Avenue In Lenox Hill, Manhattan
LEASEDRetail

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

Brandon Singer

Retail By Mona

Broker

$84.3M

vol

59 deals

Broker
A
AkrisLandlord

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