Adeam Acquires Retail/Office Property On Madison Avenue For $31M
770 Madison Ave, New York, NY 10065, USA
$31,000,000
$4,602/SF
Building Size
6,736 SF
Asset Type
Retail
Closing
Aug 19, 2018
About this deal
AI
Located at 770 Madison Avenue in the Upper East Side of New York City, this retail/office property was recently sold in a closed transaction. The property, spanning 6,736 square feet, was purchased by Adeam for a total of $31,000,000, resulting in a price per square foot of $4,602.
Summary of transation details
- Property Type: Retail/Office
- Transaction Amount: $31,000,000
- Square Footage: 6,736
- Price per Square Foot: $4,602
- Address: 770 Madison Avenue, New York
- Market: Upper East Side
Galo Shoes was the seller of this property, while Adeam, represented by Hanako Maeda (Adeam designer), acted as the buyer in the deal.
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
0.51%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93