Acadia Realty Trust Acquires Retail Property On Fifth Avenue In Manhattan For $9.5M

The property asset involved in this transaction is a retail space located at 129 Fifth Avenue in the Manhattan market. The sale price of the property was $9,500,000, with a total square footage of 8,987, resulting in a price per square foot of $1,057.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $9,500,000
• Address: 129 Fifth Avenue
• Market: Manhattan
• Square Footage: 8,987
• Price Per Square Foot: $1,057
• Buyer: Acadia Realty Trust
• Seller: Madison Capital
• Seller's Representatives: Brett Siegel, Maurice Suede, Felton Hatcher, Tyler Signora, and Christine Felling - Newmark

Key individuals involved in the transaction include the buyer Acadia Realty Trust and the seller Madison Capital. The deal was represented for the seller by Brett Siegel, Maurice Suede, Felton Hatcher, Tyler Signora, and Christine Felling of Newmark, highlighting a collaborative effort among the representatives in facilitating this transaction.