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
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