Carlos Bertaco & Gina Sutt Malul Of JSRE Acquisitions Purchase Retail Asset For $40.54M
713 Madison Avenue
$40,536,231
$3,897/SF
Building Size
10,400 SF
Asset Type
Retail
Closing
Apr 29, 2026
About this deal
AI
A retail asset located at 713 Madison Avenue in Manhattan's Lenox Hill neighborhood was sold. The property has a total square footage of 10,400 and was sold for a total transaction price of $40,536,231, resulting in a price per square foot of $3,898.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $40,536,231
- Address: 713 Madison Avenue
- Market: Lenox Hill, Manhattan
- Square Footage: 10,400
- Price per Square Foot: $3,898
The transaction was facilitated by JSRE Acquisitions, represented by Carlos Bertaco and Gina Sutt Malul, who purchased the asset from seller Naomi Weitzel. The deal was finalized on April 29, 2026.
On the Map
$40,536,231
$3,897/SF
Retail
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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
0.39%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93