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95 Madison Avenue

Updated Oct 26, 2026

LEASEDRetail

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:

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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Players

Ross Kaplan

Newmark

Broker

$19.9M

vol

10 deals

Broker
Sunlight Development
Sunlight DevelopmentLandlord

Carmelo Gullo

Officine Gullo

Tenant
Tenant
Bilt advertisement

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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

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