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1165 Madison Avenue

Naftali Group Sells Condo On Madison Avenue For $68M With Rep Alexa Lambert - Compass
SOLD

Naftali Group Sells Condo On Madison Avenue For $68M With Rep Alexa Lambert - Compass

1165 Madison Avenue

$68,000,000

$5,230/SF

Building Size

13,000 SF

Asset Type

Closing

Mar 31, 2023

AI

A luxury condo located at 1165 Madison Avenue in New York has been sold for a staggering $68,000,000. Spanning over 13,000 square feet, this exquisite property offers an unparalleled elegance and sophistication. With a price per square foot of $5,231, it is truly a remarkable investment opportunity.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $68,000,000
  • Market: New York
  • Seller: Naftali Group
  • Seller's Representative: Miki Naftali
  • Broker: Alexa Lambert
  • Broker's Agency: Compass

The Naftali Group, led by Miki Naftali, acted as the seller in this noteworthy transaction. Serving as the broker for the deal, Alexa Lambert from Compass played an instrumental role in facilitating the sale. Their expertise and knowledge of the New York market were key factors in ensuring a successful outcome.

Players

Alexa Lambert

Compass

Broker

$260.4M

vol

9 deals

Broker
Miki Naftali

Miki Naftali

Naftali Group

Seller

$3.9B

vol

31 deals

Seller

New York CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.23%

Cash-on-Cash

-0.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93