Madison Avenue Survey - March 2021

MADISON AVENUE RETAIL SPACE OVERVIEW – RECENT TRANSACTIONS

689 Madison Avenue | Southeast Corner of 62 nd Street

PREMISES

SF

ASK $/SF

ANNUAL RENT

Ground

3,060 1,623 4,683

Lower Level

Total

TBD

COMPLETED

LEASE TYPE

TENANT

Q3 2020

Sublease from Bally

Brunello Cucinelli

NOTES - Previously Bally

727 Madison Avenue | Between 63 rd and 64 th Streets

PREMISES

SF

ASK $/SF

ANNUAL RENT

Ground

873 381

Lower Level

Total

1,254

$250,000 PA

COMPLETED

LEASE TYPE

TENANT

Q3 2020

TBD

Maison Ullens

NOTES - Previously Nirav Modi - 8 year term - 6 months free

- Year 1: $250,000 PA, Year 2: $500,000 PA, Years 3-5: 2% increases, Year 5: Artificial jump / tenant right to terminate, Years 6-8: 2.5% Increases

755 Madison Avenue | Between Madison and Park Avenues

PREMISES Ground Lower Level

SF

ASK $/SF

ANNUAL RENT

$541

1,200 800 2,000

Total

COMPLETED

LEASE TYPE

TENANT

Q2 2020

TBD

Club Monte Carlo

NOTES - Previously Zadig & Voltaire - $540,000 PA

No warranty or representation,express or implied, is made as to the accuracyof the information containedherein, and same is submittedsubject to errors, omissions,change of price, rental or other conditions.