HUBBNYC Acquires Retail Condo On Madison Avenue For $16.8M
189 Madison Ave, New York, NY 10016, USA
$16,800,000
$943/SF
Building Size
17,800 SF
Asset Type
Retail
Closing
Nov 29, 2020
About this deal
AI
A retail condo located at 189-199 Madison Avenue in Murray Hill has been sold for $16,800,000. The property spans 17,800 square feet, with 11,000 square feet at grade level. The sale price translates to a price per square foot of $943.
Summary of transation details
- Property Type: Retail Condo
- Transaction Amount: $16,800,000
- Address: 189-199 Madison Avenue
- Market: Murray Hill
Johnny McCarthy and Jesse Terry, representing HubbNYC, acquired the property. The seller, in this case, was Rose Associates. The sale was facilitated by Helen Hwang, Karen Wiedenmann, Brian Szczapa, Abie Kassin, Yasmin Kheradpey, and Ernie from Meridian Capital Group.
On the Map
$16,800,000
$943/SF
Retail
View full map
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Visit Yasmin Kheradpey to view all their deals.
Browse New York retail sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.94%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93