Sk Development Sells Condo On Madison Avenue For $9.5M

The condominium located at 1228 Madison Avenue in New York City has been sold in a recent transaction. The property, owned by Sk Development, was represented by Philip Scheinfeld and Jim St. André from Compass. The buyer was represented by Michael Passaro from Douglas Elliman. The sale price for the condo was $9,500,000, with a total square footage of 3,476. The price per square foot was calculated to be $2,733.

Summary of transaction details:

• Property Type: Condo
• Transaction Amount: $9,500,000
• Address: 1228 Madison Avenue
• Market: New York City
• Seller: Sk Development
• Seller's Representative: Philip Scheinfeld & Jim St. André - Compass
• Buyer's Representative: Michael Passaro - Douglas Elliman
• Square Footage: 3,476
• Price per Square Foot: $2,733

Philip Scheinfeld and Jim St. André from Compass were exclusively chosen by Sk Development to represent them in the sale of the condo. On the other hand, Michael Passaro from Douglas Elliman was the chosen representative for the buyer. The transaction, which closed on June 12, 2022, demonstrates the success of these professionals in facilitating the sale of this high-value property in the New York City market.