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956 Madison Avenue

Updated Dec 4, 2024

Bilt advertisement
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

About this deal

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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Deal FAQ

About $455 per square foot on a published $455 for 3,300 square feet (2024).

Visit Peter Braus to view all their deals.

Browse New York retail leases on Traded.

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

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