Madison Realty Capital Leases Retail Space To Jigme Sherpa At 895 1st Avenue For $60/ft
LEASED
$60
+ 1
New York
See Similar DealsRetail1,500 SF
Leased 08/20/2024
LEASED
Madison Realty Capital Leases Retail Space To Jigme Sherpa At 895 1st Avenue For $60/ft
895 1st Avenue
See Similar DealsRetail1,500 SF
Leased 08/20/2024
+ 1
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$60
Total Square Footage:1,500 SF
Transaction Type:Lease
The retail asset located at 895 1st Avenue in the Midtown East market encompasses a total square footage of 1,500. The asking rent for this property is set at $60 per square foot.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $60/ft
- Address: 895 1st Avenue
- Market: Midtown East
- Landlord: Madison Realty Capital
- Tenant: Jigme Sherpa
- Landlord's Representative: Mary Schwagerl, Richard Skulnik & Lindsay Zegans - Ripco
- Tenant's Representative: Josh Sarraf - ARA
- Lease Type: Retail Lease
This transaction features representatives from both the landlord and tenant sides, highlighting the involvement of Mary Schwagerl, Richard Skulnik, and Lindsay Zegans from Ripco representing Madison Realty Capital, while Josh Sarraf from ARA represents Jigme Sherpa in this lease agreement.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$103,174.91
Total Lease Value
$1,031,749.14
Net Landlord Cash Flow$103,174.91
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