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980 Madison Avenue

Tanya Taylor Leases Retail Space At 980 Madison Avenue In New York City
LEASEDRetail

Tanya Taylor Leases Retail Space At 980 Madison Avenue In New York City

980 Madison Avenue

$775

$775/SF

Building Size

2,800 SF

Asset Type

Retail

Closing

Jan 18, 2023

AI

The retail space located at 980 Madison Avenue in New York City has been leased in a recent transaction. The property, spanning 2,800 square feet, was leased by Tanya Taylor. The landlord, RFR Realty, was represented by Suzanne Bernstock, Max Kreinces, and Brandon Singer of Retail By Mona. Karen Bellantoni and Jackie Totolo of Newmark acted as the tenant's representatives in this deal. The asking rent for this lease was $775 per square foot.

Summary of transation details

  • Property Type: Retail
  • Transaction Amount: Not applicable
  • Address: 980 Madison Avenue
  • Market: New York City
  • Tenant: Tanya Taylor
  • Landlord: RFR Realty
  • Landlord's Rep: Suzanne Bernstock, Max Kreinces, Brandon Singer - Retail By Mona
  • Tenant's Rep: Karen Bellantoni, Jackie Totolo - Newmark
  • Asking Rent: $775/ft
  • SF: 2,800

The deal was successfully negotiated by Suzanne Bernstock, Max Kreinces, and Brandon Singer on behalf of the landlord, RFR Realty. Karen Bellantoni and Jackie Totolo, representing Newmark, assisted in securing the lease for Tanya Taylor. This transaction highlights the collaboration between multiple key individuals and companies to facilitate the lease of the retail space at 980 Madison Avenue.

Players

Brandon Singer

Retail By Mona

Broker

$84.3M

vol

59 deals

Broker

Market 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

20468.39%

Cash-on-Cash

-5849.93%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93