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1295 Madison Ave - Chase Bank 3,002 sq ft Retail Unit Offered at £10,248,011 in New York, NY 10128
INVESTMENT HIGHLIGHTS
- Long-Term NNN Lease With Zero Landlord Responsibilities
- Attractive Rental Increases
- Strong Corporate Guarantee
EXECUTIVE SUMMARY
NNN Pro 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 1/4/2024. The current annual rent is $616,500 and has scheduled increases of 10.00% every 5 years.
PROPERTY FACTS
| Total Property Size | 62,620 sq ft | Floors | 11 |
| Property Type | Build-to-Rent (Unit) | Typical Floor Size | 5,693 sq ft |
| Property Subtype | Apartment | Year Built | 2023 |
| Costar Property Class | B | Total Plot Size | 0.14 ac |
| Use Class | R6 - Medium-density residential | ||
| Total Property Size | 62,620 sq ft |
| Property Type | Build-to-Rent (Unit) |
| Property Subtype | Apartment |
| Costar Property Class | B |
| Floors | 11 |
| Typical Floor Size | 5,693 sq ft |
| Year Built | 2023 |
| Total Plot Size | 0.14 ac |
| Use Class | R6 - Medium-density residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Microwave
- Washer/Dryer
- Heating
- Tile Floors
- Double Vanities
- Kitchen
- Granite Countertops
- Wooden Floors
- Vaulted Ceiling
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Walk-In Closets
- Family Room
- Framed Mirrors
- Freezer
- Pantry
SITE AMENITIES
- 24 Hour Access
- Concierge
- Fitness Centre
- Doorman
- Storage Space
- Bicycle Storage
- Pet Care
1 UNIT AVAILABLE
Unit Bank
| Unit Size | 3,002 sq ft | Sale Type | Investment |
| Price | £10,248,011 | Net Initial Yield | 4.50% |
| Price Per sq ft | £3,413.73 | NOI | £461,160.50 |
| Unit Use | Retail |
| Unit Size | 3,002 sq ft |
| Price | £10,248,011 |
| Price Per sq ft | £3,413.73 |
| Unit Use | Retail |
| Sale Type | Investment |
| Net Initial Yield | 4.50% |
| NOI | £461,160.50 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT PCM | sq ft |
|---|---|---|---|
| Studios | 21 | - | - |
Walk Score®
Excellent pedestrian access (99)
Transit Score®
Rider's Paradise (100)
1 of 3
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1295 Madison Ave - Chase Bank
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