Patriot Real Estate Holdings & MRK Real Estate Investors Sell Retail Asset In Carnegie Hill For $13M

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.