SOLDRetail
Patriot Real Estate Holdings & MRK Real Estate Investors Sell Retail Asset In Carnegie Hill For $13M
1295 Madison Avenue
$13,000,000
$4,333/SF
Building Size
3,000 SF
Asset Type
Retail
Closing
Jun 15, 2026
About this deal
AI
The retail asset located at 1295 Madison Avenue in the Carnegie Hill neighborhood was sold for $13,000,000. This property encompasses 3,000 square feet, resulting in a price per square foot of $4,333.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $13,000,000
- Sale Date: 6/16/2026
- Seller: Patriot Real Estate Holdings & MRK Real Estate Investors - Ryan Tedder
- Brokers: Jimmy Ventura, Anthony Bird, Rich Nardi, Anthony D’Ambrosia, Joe Durkin & Vincenzo Renda - Surmount
- Buyer: 1031 Exchange Buyer
The transaction involved multiple brokers from Surmount, who represented both the buyer and seller in this deal. This collaboration facilitated the completion of the sale within the specified market parameters.
On the Map
$13,000,000
$4,333/SF
Retail
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Players
Market 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
1.22%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93