Acadia Realty Trust Acquires Retail Property At 1165 Madison Avenue For $19.1M

This retail asset located at 1165 Madison Avenue in the Upper East Side has a sale price of $19,100,000. The property encompasses a total area of 7,337 square feet, translating to a price per square foot of $2,603.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $19,100,000
• Buyer: Acadia Realty Trust & Jeff Kohn - Hilltop RE
• Seller: Miki Naftali & David Hochfelder - Naftali Group
• Broker: Brandon Polakoff - Avison Young

Key individuals involved in this transaction include Acadia Realty Trust and Jeff Kohn representing Hilltop RE as the buyers. On the selling side, Miki Naftali and David Hochfelder were represented by the Naftali Group. The brokerage for the deal was handled by Brandon Polakoff of Avison Young.