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805 Madison Avenue, New York, NY 10065 - Availability Details

805 MADISON Avenue, NEW YORK, New York, 10065, NEW YORK, NY 10065

  • For Sale Contact for pricing
  • City NEW YORK
  • Neighborhood Lenox Hill
  • Zip Code 10065
  • Market Manhattan
  • Property Type Unassigned
  • Property Size 7,397 Sqft
  • Lot Size 0.04 Acre
  • Building Class K6
  • Year Built 1910
  • Date Updated 22 Jun, 2021
Sales-Leaseback | New 10-Year Lease to Commence Upon Sale of Property

Cushman & Wakefield has been retained on an exclusive basis to arrange the sale of a 20’ wide, five-story mixed-use building located at 805 Madison Avenue in the Upper East Side.​ The property is located on the east side of the luxury Madison Avenue retail corridor between 67th and 68th Streets.​

The commercial unit which is comprised of the ground floor, second floor and a portion of the basement is occupied by Bonpoint.​ Bonpoint is a high-end children’s clothing boutique and has maintained a presence on Madison Avenue for over 20-years.​ Upon the sale of the property, Bonpoint will commence a new ten-year lease with 3% annual increases.​ In addition to the base rent, Bonpoint will be responsible to pay 80% of the total annual real estate tax.​

The residential breakdown of the property consists of six 1-bedroom units, of which four units are free market and two units are rent stabilized.​

805 Madison Avenue presents a strong opportunity for an investor to purchase a cash flowing asset that is stabilized by a long-term lease in one of the most prestigious retail corridors in all New York City.​ Neighboring tenants include major luxury retailers such as Tory Burch, Lanvin Men, La Fonde, Frette, Oliver Peoples, Giuseppe Zanotti Design, John Paul Ataker and Carolina Herrera.​
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Contacts

broker

Hunter Moss

Cushman & Wakefield

(212) 589-5136

Contact Listing Broker

broker

Hunter Moss

Cushman & Wakefield

(212) 589-5136

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