Madison Avenue Chase Bank For
1295 Madison Ave New York, NY
1295 Madison Ave, New York, NY, 00000
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For Sale
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New 15-year NNN lease Chase Bank on Madison Avenue.
Property Size3,002 SF
Lot Size0.15 Acres
Price / SF$4,563
Days on Market1038
Property Features for 1295 Madison Ave
General Information
- Standard status
- Active
- Size
- 3,002 SF
- Lot size
- 0.15 Acres
- Property subtype
- RETAIL
Listing agency
NNN Pro Group
(332) 345-4222
Listed by
Glen Kunofsky · License #49KU1129178
Source
Moodyscre
Added: Sep 18, 2023 Updated: Jul 6 at 10:22AM Checked: Jul 20 at 3:04AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NNN Pro Group
Investment Insights
Based on property information with market context.
This property features a brand-new Chase Bank located at 1295 Madison Avenue on Manhattan's Upper East Side. The building offers approximately 3,002 rentable square feet of space on an estimated 0.14-acre parcel of land. The Chase Bank is subject to a new 15-year triple-net (NNN) lease, which commenced on March 15, 2023. The current annual rent is $616,500, with scheduled increases of 10% every 5 years throughout the base term and in each of the two 5-year renewal options.
Key Highlights
- Brand‑new Chase Bank located on the Upper East Side of Manhattan.
- New 15‑year triple‑net (NNN) lease commencing March 15, 2023.
- Current annual rent of $616,500.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $792.5k | $264.00 |
| − Vacancy | −$95.1k | −$31.68 |
| EGI | $697.4k | $232.32 |
| − OpEx | −$174.4k | −$58.08 |
| NOI | $523.1k | $174.24 |
3,002 SF · lease $264.00/SF/yr · vacancy 12.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$7.47M
$6.54M – $8.72M
NOI $523,068 @ 7.0% cap · market cap 3.82%
Second Best
Retail
$6.04M
$5.28M – $7.04M
NOI $422,455 @ 7.0% cap · market cap 3.08%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Chase Bank
Bank
Chase ATM
Atm
The Wales
Condominium Complex
Emmanuel Gabriel
Car Dealership
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FAQs
What type of property is this?
Bank - New 15-year NNN lease Chase Bank on Madison Avenue.
Where is this bank located?
The property is located at 1295 Madison Ave New York, NY.
What is the asking price?
The asking price for this property is $13,700,000.
What are key features of this property?
This property features: Brand‑new Chase Bank located on the Upper East Side of Manhattan.; New 15‑year triple‑net (NNN) lease commencing March 15, 2023.; Current annual rent of $616,500.
