Vivibowl Signs 10-Year Lease At 295 Madison Avenue With The Eretz Group As Landlord
295 Madison Avenue
$310
$310/SF
Building Size
1,700 SF
Asset Type
Retail
Closing
Aug 8, 2025
AI
The property asset involved is a retail location situated at 295 Madison Avenue in Midtown. It spans 1,700 square feet and has an asking rent of $310 per foot with a lease term set for 10 years under a modified gross lease agreement.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $310/ft
- Lease Term: 10 years
- Landlord: The Eretz Group
- Tenant: Vivibowl
- Landlord's Representative: Steven Evans, Joseph Zalta, Emre Bozkurt & David Park - Platinum Properties
- Tenant's Representative: Fanny Fan, Andrew Kahn & Kevin Lu - Cushman & Wakefield
The representatives involved in this transaction include Steven Evans, Joseph Zalta, Emre Bozkurt, and David Park acting for The Eretz Group, while Fanny Fan, Andrew Kahn, and Kevin Lu represent the tenant, Vivibowl. The lease agreement reflects collaborative efforts from both sides in securing the retail space.
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
51170.97%
Cash-on-Cash
-14624.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93