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Ofir Badash & Itay Gamlieli Acquire Mixed-use Buildings At 1410-1412 Madison Avenue & 122 East 91st Street For $9.3M

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SOLD
$9,300,000
Max Ralby
Josh Lipton

New York

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Mixed-use49,618 SF
Sold 12/30/2024
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Property Image
SOLD

Ofir Badash & Itay Gamlieli Acquire Mixed-use Buildings At 1410-1412 Madison Avenue & 122 East 91st Street For $9.3M

1410-1412 Madison Avenue & 122 East 91st Street

See Similar Deals
Mixed-use49,618 SF
Sold 12/30/2024
Max Ralby
Josh Lipton
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$187
Total Square Footage:49,618 SF
Transaction Type:Sale

The transaction involved a mixed-use property located at 1410-1412 Madison Avenue & 122 East 91st Street in the Carnegie Hill market. The sale price was $9,300,000, with a total square footage of 24,809, resulting in a price per square foot of $374.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $9,300,000
  • Square Footage: 24,809
  • Price per Square Foot: $374
  • Buyer: Ofir Badash & Itay Gamlieli - Avenues Equity Partners
  • Buyer's Representative: Max Ralby - Newmark
  • Buyer & Seller's Representative: Josh Lipton - Invictus
  • Date of Transaction: 12/30/2024

Ofir Badash and Itay Gamlieli from Avenues Equity Partners expressed their gratitude towards the Invictus team and Max Ralby for their team effort in overcoming challenges throughout the deal process. Avenues Equity Partners continues to actively seek value-added opportunities in Manhattan.

Players

Josh Lipton
Invictus Property Advisors
Josh Lipton
103 deals$1.3B volume
BROKER
Max Ralby
Newmark
Max Ralby
74 deals$3.8B volume
BROKER

Details

SOLD
IMAGE: Ofir Badash & Itay Gamlieli DATE: 12/30/2024 ADDRESS: 1410-1412 Madison Avenue & 122 East 91st Street MARKET: Carnegie Hill ASSET TYPE: Mixed-use BUYER: Ofir Badash (@OfirBadash28) & Itay Gamlieli (@ItayGamlieli) - Avenues Equity Partners BUYER'S REP: Max Ralby (@MaxRalby) - Newmark (@Newmark) BUYER & SELLER'S REP: Josh Lipton (@InvictusPropertyAdvisors) - Invictus SALE PRICE: $9,300,000 SF: 24,809 ~ PPSF: $374 NOTE FROM BUYER: Avenues Equity Partners closed the year 2024 with a three-building deal in the UES at a mid $374 PSF and a 6.5% cap rate, with tremendous unrealized upside. The deal faced several challenges that required a lot of creativity and team effort to reach the finish line. Thank you, @invictus team and @maxralby, for your ongoing hard work! Avenues Equity Partners is constantly seeking value-added deals in Manhattan! Itay Gamlieli - [email protected]

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