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1323 Madison Avenue

Zehua Lai Purchases Mixed-Use Property At 1323 Madison Avenue From John P McCarthy & Steve Dluzyn For $4.87M
SOLDMixed-use

Zehua Lai Purchases Mixed-Use Property At 1323 Madison Avenue From John P McCarthy & Steve Dluzyn For $4.87M

1323 Madison Avenue

$4,868,000

$822/SF

Building Size

5,920 SF

Asset Type

Mixed-use

Closing

Aug 8, 2025

AI

A mixed-use property located at 1323 Madison Avenue in Carnegie Hill has been sold for $4,868,000. The property comprises 5,920 square feet and was transacted at a price per square foot of $822. The sale occurred on August 8, 2025.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $4,868,000
  • Address: 1323 Madison Avenue
  • Market: Carnegie Hill, Manhattan
  • Square Footage: 5,920
  • Price per Square Foot: $822
  • Buyer: Zehua Lai
  • Seller: John P McCarthy & Steve Dluzyn - HUBB NYC

Zehua Lai acquired the property from sellers John P McCarthy and Steve Dluzyn, both associated with HUBB NYC. The transaction highlights a notable exchange in the Carnegie Hill area of Manhattan.

Players

John P. McCarthy

HUBB NYC

Seller

$702.1M

vol

14 deals

Seller
HUBB NYC
HUBB NYCSeller

New York 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

3.26%

Cash-on-Cash

-0.93%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93