W Brothers, The Altmark Group, And The Blenden Group Acquire Mixed-Use Building On Madison Ave For $37M
766 Madison Ave, New York, NY 10065, USA
$37,000,000
$6,142/SF
Building Size
6,024 SF
Asset Type
Mixed-use
Closing
Jan 21, 2018
About this deal
AI
The mixed-use property located at 766 Madison Ave in Manhattan, New York, has been sold for a total price of $37,000,000. The property spans 6,024 square feet with a total buildable square footage of 16,000.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $37,000,000
- Address: 766 Madison Ave, New York, Manhattan
The seller of the property is James Rice, while the buyer is W Brothers in a joint venture with The Altmark Group and The Blenden Group. The deal was facilitated by Jeremy Nazarian and Itan Rahmani of Venture Capital Properties.
On the Map
$37,000,000
$6,142/SF
Mixed-use
View full map
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Deal FAQ
Visit Jeremy Nazarian to view all their deals.
Browse New York mixed use sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.43%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93