Adellco Secures $95M Construction Loan For Luxury Condo Conversion On Madison Ave
1295 Madison Avenue
Mixed-use
6,266 SF
6,266 SF
Financed 1 year ago
Summary
The property at 1295 Madison Ave. in Manhattan has been involved in a recent closed transaction. This mixed-use property consists of 23 units and is located in a prime market area.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $95,000,000
- Address: 1295 Madison Ave.
- Market: Manhattan
- Units: 23
G4 Capital Partners, represented by Jason Behfarin, Robyn Sorid, Robert Palumbo, and Chris Goetz, provided the construction loan for the conversion of the Wales Hotel into luxury condominiums with commercial space available on the ground floor. Adellco, led by Matthew Adell, acted as the landlord in this transaction. The brokerage services were provided by Tal Bar-Or and David Strongwater from Lantern Real Estate Advisors.
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1295 Madison Avenue
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