France & Son Acquires Retail Space At 126 Madison Avenue For $2.525M From JD Carlisle Development
126 Madison Avenue
$2,525,000
$740/SF
Building Size
3,410 SF
Asset Type
Retail
Closing
Mar 31, 2025
AI
The property asset involved in the transaction is located at 126 Madison Avenue in the NoMad market. This retail asset spans 3,410 square feet and has a sale price of $2,525,000, resulting in a price per square foot of $740.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,525,000
- Address: 126 Madison Avenue
- Market: NoMad
- Square Footage: 3,410
- Price Per Square Foot: $740
- Buyer: France & Son
- Seller: JD Carlisle Development
- Buyer's Representative: Jane McVerry & Matt Cohen - Sinvin Real Estate
- Seller's Representatives: Sarah Short, Matt Mastrocola, Zachary Redding & Dylan Kane - Colliers
Key individuals in this transaction include buyer representatives Jane McVerry and Matt Cohen from Sinvin Real Estate, while the seller was represented by Sarah Short, Matt Mastrocola, Zachary Redding, and Dylan Kane from Colliers, showcasing a collaboration of multiple professionals in the real estate market.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.28%
Cash-on-Cash
-1.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93