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

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LEASED
$675

New York

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Retail1,767 SF
Leased 09/28/2023
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Property Image
LEASED

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

833 Madison Avenue

See Similar Deals
Retail1,767 SF
Leased 09/28/2023
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Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$675
Total Square Footage:1,767 SF
Transaction Type:Lease

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
59 deals$84.3M volume
BROKER

Joel Isaacs
5 deals
BROKER

Lauren Farnoosh
Real New York
6 deals
BROKER

LANDLORD

Details

LEASED
IMAGE: Lauren Farnoosh, Brandon Singer & Joel Isaacs DATE: 09/28/2023 ADDRESS: 833 Madison Avenue MARKET: Lenox Hill, Manhattan ASSET TYPE: Retail LANDLORD: Akris TENANT: Veronica De Piante LANDLORD'S REP: Joel Isaacs (@Joel.Isaacs) - Isaacs & Company (@IsaacsandCompany) TENANT'S REP: Brandon Singer (@BrandonS85) & Lauren Farnoosh (@LaurenFarn__sh) - Retail By Mona (@RetailByMona) ASKING RENT: $675/ft ~ SF: 1,767 LEASE TYPE: Modified Gross Lease LEASE TERM: Holiday Pop-Up

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Deal Type
Effective Rent (Annual)

$1,367,325.55

Total Lease Value

$13,673,255.45

Net Landlord Cash Flow$1,367,325.55