Elliot Chehebar Of Jackson Group Acquires Mixed-Use Property On Madison Ave For $14.5M

The mixed-use property located at 803 Madison Avenue in Lenox Hill, Manhattan, has been sold in a recent transaction. The sale involved a buyer, Elliot Chehebar of Jackson Group, and a seller, Philip Sprayregen. The transaction was facilitated by brokers James Nelson, Brent Glodowski, Eric Karmitz, and Alexandra Marolda from Avison Young.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $14,500,000
• Address: 803 Madison Avenue, Lenox Hill, Manhattan
• Market: Lenox Hill, Manhattan
• Buyer: Elliot Chehebar - Jackson Group
• Seller: Philip Sprayregen
• Brokers: James Nelson, Brent Glodowski, Eric Karmitz, and Alexandra Marolda - Avison Young
• Square Footage: 8,577
• Price per Square Foot: $1,691

The deal was finalized on 01/16/2024, with the property selling for a total of $14,500,000. The property spans an area of 8,577 square feet, resulting in a price per square foot of $1,691.