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1295 Madison Ave - Chase Bank 3,002 SF Retail Condo Unit Offered at $18,729,270 CAD in New York, NY 10128
Investment Highlights
- Long-Term NNN Lease With Zero Landlord Responsibilities
- Attractive Rental Increases
- Strong Corporate Guarantee
Executive Summary
Surmount is pleased to present the exclusive listing for a Chase Bank located at 1295 Madison Ave., New York, NY 10128. The site consists of roughly 3,002 rentable square feet of building space on an estimated 0.14-acre parcel of land. This Chase Bank is subject to a 15.5-year Triple Net (NNN) lease, which commenced 3/15/2023. The current annual rent is $616,500 and has scheduled increases of 10.00% every 5 years.
1 Unit Available
Unit Bank
| Unit Size | 3,002 SF | Sale Type | Investment |
| Price | $18,729,270 CAD | Cap Rate | 4.50% |
| Price Per SF | $6,238.93 CAD | NOI | $842,817.15 CAD |
| Condo Use | Retail |
| Unit Size | 3,002 SF |
| Price | $18,729,270 CAD |
| Price Per SF | $6,238.93 CAD |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 4.50% |
| NOI | $842,817.15 CAD |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 62,620 SF | Floors | 11 |
| Property Type | Multifamily (Condo) | Typical Floor Size | 5,693 SF |
| Property Subtype | Apartment | Year Built | 2020 |
| Building Class | B | Lot Size | 0.14 AC |
| Zoning | R6 - Medium-density residential | ||
| Total Building Size | 62,620 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | B |
| Floors | 11 |
| Typical Floor Size | 5,693 SF |
| Year Built | 2020 |
| Lot Size | 0.14 AC |
| Zoning | R6 - Medium-density residential |
Amenities
Site Amenities
- 24 Hour Access
- Concierge
- Fitness Center
- Doorman
- Storage Space
- Bicycle Storage
- Pet Care
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 21 | - | - |
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Exceptionally bikeable
90/100
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1295 Madison Ave - Chase Bank
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