Jay L. Schottenstein Of American Eagle Outfitters Sells Condo In Lenox Hill For $25.5M
760 Madison Avenue
$25,500,000
$5,666/SF
Building Size
4,500 SF
Asset Type
Condo
Closing
Jul 28, 2026
About this deal
AI
A full-floor condo located at 760 Madison Avenue in the Lenox Hill market has been placed under contract for $25.5 million. The asset spans an area of 4,500 square feet, putting the price per square foot at $5,667.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $25,500,000
- Seller: Jay L. Schottenstein - American Eagle Outfitters
- Broker: Abraham Sarway - Douglas Elliman
- Initial Listing Price: $32,800,000
- Purchase Price by Seller in 2024: $21,600,000
- Date of Transaction: 07/28/2026
Abraham Sarway of Douglas Elliman is representing Jay L. Schottenstein in this transaction. The condo is part of the Giorgio Armani Residences, and the deal follows Schottenstein's acquisition of the unit in late 2024.
On the Map
$25,500,000
$5,666/SF
Condo
View full map
Players
New York Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
Loading comparables…
Deal FAQ
Visit Jay L. Schottenstein to view all their deals.
Browse New York condo sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.62%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93