Barings Leases Retail Space To J.Press At 340 Madison Avenue For 10 Years
340 Madison Avenue
$300
$300/SF
Building Size
1,657 SF
Asset Type
Retail
Closing
Jan 31, 2026
About this deal
AI
The property involved in this lease transaction is a retail asset located at 340 Madison Avenue in Manhattan. The lease spans a total area of 1,657 square feet, with an asking rent set at $300 per foot. The lease term is structured for a duration of 10 years, classified as a Single Net Lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $300/ft
- Lease Term: 10 Years
- Lease Type: Single Net Lease
- Landlord: Barings
- Tenant: J.Press
- Landlord's Representative: Matt Ogle & Amanda Sujak - JLL
- Tenant's Representative: Nicholas Hein - Nomad Group
Key individuals involved in this transaction include Matt Ogle and Amanda Sujak representing the landlord Barings, while Nicholas Hein acts on behalf of the tenant J.Press through Nomad Group. Their expertise and roles are critical in facilitating this lease agreement.
On the Map
$300
$300/SF
Retail
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Players
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
52876.67%
Cash-on-Cash
-15112.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93