Officine Gullo Signs 10-Year Lease For 3,200 SF Retail Space At 95 Madison Avenue
95 Madison Avenue
Building Size
3,200 SF
Asset Type
Retail
Closing
Oct 22, 2026
About this deal
AI
The asset involved in the transaction is a retail space located at 95 Madison Avenue in the NoMad neighborhood of Manhattan. The property spans 3,200 square feet and is leased for a duration of 10 years by the tenant, Officine Gullo, an Italian luxury kitchen manufacturer.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 95 Madison Avenue
- Market: NoMad, Manhattan
- Square Footage: 3,200
- Landlord: Sunlight Development
- Tenant: Carmelo Gullo - Officine Gullo
- Landlord's Representative: Daphne Chan - Harvest International
- Tenant's Representatives: Ross Kaplan & William Chaplin - Newmark
- Lease Terms: 10 years
Carmelo Gullo will establish a new flagship showroom for Officine Gullo in this prime Manhattan location. The transaction was facilitated by tenant representatives Ross Kaplan and William Chaplin from Newmark, while Daphne Chan from Harvest International represented the landlord, Sunlight Development.
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Retail
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93