Carlos Bertaco & Gina Sutt Malul Of JSRE Acquisitions Buy Retail Property In Lenox Hill For $40M
713 Madison Avenue
Building Size
10,400 SF
Asset Type
Retail
Closing
Mar 19, 2026
About this deal
AI
A retail property located at 713 Madison Avenue in Lenox Hill, Manhattan has been sold. The property spans 10,400 square feet and was transacted for $40,000,000, equating to a price per square foot of approximately $3,846.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $40,000,000
- Address: 713 Madison Avenue
- Market: Lenox Hill, Manhattan
- Square Footage: 10,400 SF
- Price per Square Foot: $3,846
- Buyer: Carlos Bertaco & Gina Sutt Malul - JSRE Acquisitions
- Seller: Olivier Cassegrain
JSRE Acquisitions, under the leadership of Carlos Bertaco and Gina Sutt Malul, has completed the acquisition of the property from seller Olivier Cassegrain. This transaction reflects the active retail market in Lenox Hill.
On the Map
Retail
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Players
New York Retail Market Snapshot
Boundary boundary · Retail · All transaction types transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93