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944 Madison Avenue

Baudoin And Lange Leases Retail Space At 944 Madison Avenue In Manhattan For $500 Per Ft
LEASEDRetail

Baudoin And Lange Leases Retail Space At 944 Madison Avenue In Manhattan For $500 Per Ft

944 Madison Avenue

$500

$500/SF

Building Size

1,500 SF

Asset Type

Retail

Closing

Nov 1, 2024

AI

The property involved in this transaction is a retail asset situated at 944 Madison Avenue in Manhattan. The asking rent for this space is set at $500 per square foot, encompassing a total of 1,500 square feet. The lease term is established as long-term, indicating a commitment to a prolonged occupancy under a retail lease agreement.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $500/ft
  • Address: 944 Madison Avenue
  • Market: Manhattan
  • Landlord: 944 Madison Co-Op Board
  • Tenant: Baudoin and Lange
  • Brokers: Brandon Singer, Eric Le Goff & Max Kreinces - Retail By Mona
  • Lease Type: Retail Lease
  • Square Footage: 1,500 SF

This transaction was facilitated by brokers Brandon Singer, Eric Le Goff, and Max Kreinces, who represent the interests of the landlord and tenant in the leasing process. Their roles encompass negotiating terms and ensuring compliance with lease agreements, contributing to the successful execution of this retail lease.

Players

Brandon Singer

Retail By Mona

Broker

$84.3M

vol

59 deals

Broker

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

31726.00%

Cash-on-Cash

-9067.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93