Steven Kashanian & Adam Hajibai Acquire Retail Space From Morgan Allard For $930,000 In Carnegie Hill
1339 Madison Avenue
$930,000
$775/SF
Building Size
1,200 SF
Asset Type
Retail
Closing
Sep 8, 2025
About this deal
AI
A retail asset located at 1339 Madison Avenue in the Carnegie Hill market has been sold for $930,000. The property has a total square footage of 1,200, translating to a price per square foot of $775. This includes a grade space of 850 square feet along with an additional 350 square foot mezzanine level.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $930,000
- Square Footage: 1,200
- Price Per Square Foot: $775
- Buyer: Steven Kashanian & Adam Hajibai
- Seller: Morgan Allard
- Broker: Matthew Marshall - Marshall Real Estate
The transaction was facilitated by Matthew Marshall, representing the seller, Morgan Allard, highlighting the involvement of key stakeholders in this retail property deal.
On the Map
$930,000
$775/SF
Retail
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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
17.06%
Cash-on-Cash
-4.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93