1295 Madison Ave - Bank FOR SALE


New York, NY 10128
$13,700,000 USD
332-345-4222
1295 Madison Ave, New York, NY for Sale
$13,700,000 USD
Bank - FOR SALE
1/2
null | 4.5% Cap Rate

1295 Madison Ave
New York, NY 10128


HIGHLIGHTS

  • Long-Term NNN Lease With Zero Landlord Responsibilities
  • Strong Corporate Guarantee
  • Attractive Rental Increases

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$13,700,000 USD

PRICE/SF

$4,530 USD /SF

CAP RATE

4.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Retail Portion - Chase Bank

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

R10

APN/PARCEL ID

6201-0000-01504-000-0001101

ASK ABOUT THIS PROPERTY

Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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Glen KunofskyNNN Pro GroupMore Info
332-345-4222

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.