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2056 Madison Avenue

Noam Aziz Purchases Mixed-Use Property At 2056 Madison Avenue For $900,000 With Broker Representation
SOLDMixed-use

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.

Players

Cristina Chianese

Robert Defalco Realty

Broker
Broker
Noam Aziz

Noam Aziz

Buyer

$900K

vol

232 deals

Buyer

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