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
About this deal
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.
On the Map
$89,500,000
$9,572/SF
Condo
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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