Andrea D’Alessandro Acquires Mixed-Use Building In Carnegie Hill, Manhattan For $6.2M
1320 Madison Ave New York, NY 10128, USA
$6,182,000
$1,637/SF
Building Size
3,776 SF
Asset Type
Mixed-use
Closing
Aug 4, 2023
AI
Andrea D’Alessandro has acquired a mixed-use building at 1320 Madison Avenue in Carnegie Hill, Manhattan. The property was sold by Aryeh Realty for a total price of $6.2 million. The building has a total square footage of 3,776 and a price per square foot of $1,637. The sale price per square foot is $441, based on a buildable square footage of 14,030.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $6,182,000
- Square Footage: 3,776
- Price per Square Foot: $1,637
- Address: 1320 Madison Avenue
- Market: Carnegie Hill, Manhattan
Andrea D’Alessandro acted as the buyer in this transaction, while Aryeh Realty served as the seller. This acquisition adds to Andrea D’Alessandro's real estate portfolio in Carnegie Hill. The deal represents a significant investment in the mixed-use property market in Manhattan.
Bridgeport Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.57%
Cash-on-Cash
-0.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93