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76 Madison Avenue, New York...

Jake Weiser & Elisha Goldstein Acquire Condo On Madison Ave For $1.75M
SOLD

Jake Weiser & Elisha Goldstein Acquire Condo On Madison Ave For $1.75M

76 Madison Avenue, New York, NY 10016, USA

$1,750,000

$1,332/SF

Building Size

1,313 SF

Asset Type

Closing

Aug 27, 2021

AI

A condominium located at 76 Madison Avenue in NoMad has been sold in a recent transaction. The property, spanning 1,313 square feet, was sold for $1,750,000, resulting in a price per square foot of $1,332. The sale took place on August 27, 2021.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $1,750,000
  • Address: 76 Madison Avenue, NoMad

The buyers in this transaction are Jake Weiser and Elisha Goldstein. Lindsay Druker served as the seller of the condominium. Ryan Serhant, Amy Herman, and Jordan Hurt from SERHANT represented the seller in the deal. On the buyers' side, Neil Zaken from BondNewYorkRealEstate acted as their representative.

It is worth noting that the Zaken Team, a full-service team specializing in sales and rentals, was involved in this transaction. They currently represent more landlords and owners than any other team in Manhattan, Brooklyn, and Queens. For more information or assistance in finding the best deal, interested parties can contact Neil Zaken via direct message on Instagram (DM @Neilzaken).

Players

Ryan Serhant

Serhant

Broker

$1.1B

vol

44 deals

Broker

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

9.06%

Cash-on-Cash

-2.59%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93