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
About this deal
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
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