Graff Acquires Retail Property On Madison Avenue For $43M
712 Madison Avenue, New York, NY, USA
$43,000,000
$7,846/SF
Building Size
5,480 SF
Asset Type
Retail
Closing
Jan 7, 2021
About this deal
AI
A retail property located at 712 Madison Avenue in Lenox Hill has been sold for $43,000,000. The property has a total square footage of 5,480 and a price per square foot of $7,846. The buyer in this transaction is @Graff, while the seller is @SLGreen_Realty.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $43,000,000
- Address: 712 Madison Avenue
- Market: Lenox Hill
Andrew Matthias, Laurence Graff, and Marc Holliday were involved in this transaction as depicted in the image shared on Instagram.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.37%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93