The Spence School Acquires Mixed-Use Property From Sierra Real Estate For $10 Million

The property asset involved in this transaction is a mixed-use building located at 1307-1309 Madison Avenue in the Carnegie Hill market. The sale price was $10,000,000, with a total square footage of 11,400, resulting in a price per square foot of $877.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $10,000,000
• Address: 1307-1309 Madison Avenue
• Market: Carnegie Hill
• Square Footage: 11,400
• Price per Square Foot: $877
• Buyer: The Spence School
• Seller: Sierra Real Estate
• Buyer's Representative: Daniel Kaplan & Justin Arzi - CBRE
• Seller's Representative: Thomas Gammino & Patrick Donahue - Lee & Associates

The key individuals involved in the deal include Daniel Kaplan and Justin Arzi representing the buyer, The Spence School, and Thomas Gammino and Patrick Donahue representing the seller, Sierra Real Estate. These representatives facilitated the transaction, ensuring a smooth process between the involved parties.