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1122 Madison Avenue

Victor Sigoura Of Legion Investment Group And Genghis Hadi Of Nahla Capital Sell Condo At 1122 Madison Avenue For $89.5M
SOLDCondo

Victor Sigoura Of Legion Investment Group And Genghis Hadi Of Nahla Capital Sell Condo At 1122 Madison Avenue For $89.5M

1122 Madison Avenue

$89,500,000

$9,572/SF

Building Size

9,350 SF

Asset Type

Condo

Closing

Feb 20, 2026

AI

The condo at 1122 Madison Avenue, located in the Upper East Side, was sold for $89,500,000. The residence covers approximately 9,350 square feet and is priced at $9,572 per square foot.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $89,500,000
  • Address: 1122 Madison Avenue
  • Market: Upper East Side
  • Square Footage: 9,350
  • Price per Square Foot: $9,572
  • Seller: Victor Sigoura - Legion Investment Group & Genghis Hadi - Nahla Capital
  • Broker: Cathy Franklin - The Corcoran Group

The deal highlights the contributions of Legion Investment Group and Nahla Capital, who developed the property, and Studio Sofield, which designed the residence. The transaction signifies the demand for large residential spaces, with this penthouse expected to set a record in the Upper East Side market.

Players

Cathy Franklin

The Corcoran Group

Broker

$229.1M

vol

6 deals

Broker

Victor Sigoura

Legion Investment Group

Seller

$793.9M

vol

7 deals

Seller

New York Condo Market Snapshot

Boundary boundary · Condo · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.18%

Cash-on-Cash

-0.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93