Noam Aziz Purchases Mixed-Use Property At 2056 Madison Avenue For $900,000 With Broker Representation
2056 Madison Avenue
$900,000
$178/SF
Building Size
5,032 SF
Asset Type
Mixed-use
Closing
May 25, 2026
AI
The property asset involved in the transaction is a mixed-use building located at 2056 Madison Avenue, Manhattan. The asset comprises 3 residential units and 1 commercial unit, totaling 5,032 square feet. The transaction concluded at a sale price of $900,000, resulting in a price per unit of $225,000 and a price per square foot of $178.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $900,000
- Address: 2056 Madison Avenue
- Market: Manhattan
- Units: 4
- Square Footage: 5,032
- Price Per Unit: $225,000
- Price Per Square Foot: $178
- Buyer: Noam Aziz - 2056 Mad Corner
- Seller: Philadelphia Community Services - Bishop James Pullings
- Brokers: Cristina Chianese - Robert Defalco Realty
- Brokers: Victoria Cavicchio - Jm Properties
Noam Aziz represented the buyer as part of this transaction, while Philadelphia Community Services, represented by Bishop James Pullings, was the seller. The transaction involved two brokers, Cristina Chianese from Robert Defalco Realty and Victoria Cavicchio from Jm Properties, who facilitated the deal.
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
17.63%
Cash-on-Cash
-5.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93