Naftali Group Acquires Retail Property On Madison Avenue In Manhattan For $21.1M
1041 Madison Ave, New York, NY 10075, USA
Building Size
6,160 SF
Asset Type
Retail
Closing
Sep 16, 2017
About this deal
AI
The retail property located at 1041 Madison Avenue in New York, Manhattan has been sold in a closed transaction for a price of $21,100,000. The property is owned by Albert Monasebian and Yusuf Bildirici and the buyer is the Naftali Group.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $21,100,000
- Address: 1041 Madison Avenue, New York, Manhattan
- Seller: Albert Monasebian; Yusuf Bildirici
- Buyer: Naftali Group
This transaction represents the successful sale of a retail property in prime location at 1041 Madison Avenue. The buyers, Naftali Group, have acquired this valuable asset from sellers Albert Monasebian and Yusuf Bildirici.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93