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Zehua Lai Purchases Mixed-Use Property At 1323 Madison Avenue From John P McCarthy & Steve Dluzyn For $4.87M
SOLD
$4,868,000
New York
See Similar DealsMixed-use5,920 SF
Sold 08/08/2025
SOLD
Zehua Lai Purchases Mixed-Use Property At 1323 Madison Avenue From John P McCarthy & Steve Dluzyn For $4.87M
1323 Madison Avenue
See Similar DealsMixed-use5,920 SF
Sold 08/08/2025
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$822
Total Square Footage:5,920 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$259,626.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,294.97
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,076.80
Annual Debt Service$276,921.64
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