1295 Madison Ave - Apartments CONDO FOR SALE


New York, NY 10128- Carnegie Hill
$13,700,000 USD
332-345-4222
1295 Madison Ave, New York, NY for Sale
$13,700,000 USD
Apartments CONDO - FOR SALE
1/4
null | 4.5% Cap Rate

1295 Madison Ave
New York, NY 10128
Carnegie Hill


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

$4,564 USD /SF

CAP RATE

4.5%

# OF UNITS

1

CONDO SIZE

-

% LEASED

0%

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chase Bank

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

62,620 SF

STORIES

11

BUILDING CLASS

B

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

R6

APN/PARCEL ID

1504-1101,1504-1104,1504-1107,1504-1111,1504-1114,1504-1115,1504-1117,1504-1123

ASK ABOUT THIS PROPERTY

Glen KunofskySurmountMore Info
332-345-4222

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

Glen KunofskySurmountMore Info
332-345-4222

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