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1165 Madison Avenue, Manhat...

Updated Dec 21, 2023

Naftali Group Sells Madison Avenue Residential Condo For $66.5M
SOLD

Naftali Group Sells Madison Avenue Residential Condo For $66.5M

1165 Madison Avenue, Manhattan, New York, NY, USA

$66,500,000

$5,115/SF

Building Size

13,000 SF

Asset Type

Closing

Dec 2, 2021

About this deal

AI

David Hochfelder, Miki Naftali, and Danielle Naftali were involved in a recent property sale transaction in the Upper East Side of Manhattan. The property in question is a residential condo located at 1165 Madison Avenue. Developed by the Naftali Group, the condo spans approximately 13,000 square feet. The sale price for this transaction was $66,500,000, resulting in a price per square foot of $5,115.

Summary of transaction details

  • Property Type: Residential Condo
  • Transaction Amount: $66,500,000 (approx.)
  • Address: 1165 Madison Avenue
  • Market: Upper East Side
  • Developer: Naftali Group
  • Square Footage: 13,000
  • Price per Square Foot: $5,115

In this property transaction, David Hochfelder, Miki Naftali, and Danielle Naftali played significant roles. David Hochfelder, representing his agency, and Miki Naftali, as a representative of the Naftali Group, were involved in the deal.

Players

New York CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Deal FAQ

About $5.1K per square foot on a published $66.5M for 13,000 square feet (2021).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.24%

Cash-on-Cash

-0.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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