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956 Madison Avenue

L'Agence Signs Lease For Retail Space At 956 Madison Avenue With Simon Dallimore As Tenant's Rep
LEASEDRetail

L'Agence Signs Lease For Retail Space At 956 Madison Avenue With Simon Dallimore As Tenant's Rep

956 Madison Avenue

$455

$455/SF

Building Size

3,300 SF

Asset Type

Retail

Closing

Jun 1, 2024

AI

The property involved in this transaction is a retail asset located at 956 Madison Avenue, situated in the Lenox Hill neighborhood of Manhattan. The total square footage of the premises is 3,300, with an asking rent of $455 per square foot. It operates under a modified gross lease structure.

Summary of transaction details:

Key individuals involved in the deal include brokers Peter Braus, Annie Squier, and Morris Dweck from Lee & Associates NYC, who facilitated the leasing process. Simon Dallimore of Dallimore & Co represented the tenant, L'Agence, in the transaction.

Players

Peter Braus

Lee & Associates

Broker

$21.4M

vol

11 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

34863.74%

Cash-on-Cash

-9964.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93