Madison Avenue Radiology

1820 Madison Avenue, New York, NY
Deal Type:
Sale Leaseback
Price:
$5,909,091
Cap Rate:
5.50%
Current Rent:
$325,000
Lease Type:
Triple Net
Lease Term:
15 years
Landlord Responsibilities:
None
Renewal Options:
Four 5-Year Options at 2% Escalators Through Renewal Terms
Building Sq. Ft.:
7,990 SF
Rent Increases:
2.0% Annually
Site Size:
0.18 Acres

Investment Highlights

  • 15-year lease with annual rent increases
  • Company enjoys substantial market share in Upper Manhattan largely due to a broad base of referring physicians in the uptown area
  • Situated on the ground floor of an 8-story, 37,166-square foot, mixed use, residential and commercial condo building constructed in 2012
  • Company has operated at this location since 2015
  • Tenant has invested millions of dollars in equipment at this location

Listing Agents

Chelsea Mandel

Vice President
516 850 6962
Chelsea@stream-cp.com

Jordan Shtulman

Managing Principal
847 226 4133
Jordan@stream-cp.com
Jonathan Wolfe STREAM Capital Partners

Jonathan Wolfe

Managing Principal
312 310 2798
Jonathan@stream-cp.com
X

Due Diligence

https://www.stream-cp.com/wp-content/themes/StreamTheme2020View/Download Due Diligence in Dropbox

Please enter the password to access due diligence.

Request Due Diligence Access

Please fill out and submit the form below to request access to due diligence for this property. If you agree with the terms of the NDA, please check the "Approve NDA" box and submit. By submitting this form, you agree to the Terms and Conditions of the Confidentiality Agreement.

If you would like to modify the NDA, please download the Word version, make your changes, and attach the revised version to the form or email it to Chelsea@stream-cp.com.

Once we receive your NDA, we will contact you with login information.

View/Download NDA in Word format

    I approve of the NDA

    If you have made changes to the Word version of the NDA, please attach it here

    This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.






    View All Listings