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Jordan Vogel Acquires Retail Property In Lenox Hill, Manhattan For $17M

Property Image
SOLD
$17,000,000

New York

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Retail7,674 SF
Sold 12/15/2021
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Property Image
SOLD

Jordan Vogel Acquires Retail Property In Lenox Hill, Manhattan For $17M

818 Madison Avenue, New York City, New York 10065, United States

See Similar Deals
Retail7,674 SF
Sold 12/15/2021
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Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$2,215
Total Square Footage:7,674 SF
Transaction Type:Sale

Located in Lenox Hill, Manhattan, the property at 818 Madison Avenue was recently sold in a closed transaction. With a total area of 7,674 square feet, this retail asset features a Building Square Footage (BSF) of 21,240 at a Price per Square Foot (PPSF) of $2,215. The property's value is reflected in the sale price of $17,000,000.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $17,000,000
  • Market: Lenox Hill, Manhattan
  • Zoning: C5-1, MP

Jordan Vogel acted as the buyer in this transaction, while Jill Almeas Giuricich played the role of the seller. The property's Floor Area Ratio (FAR) is 3.61, and it falls under Tax Class 4. The lot size measures 2,124 square feet, with dimensions of 24.42 ft x 87 ft. Notably, the property was previously sold for $678,333 on August 11, 2004.

Players

11 deals$262.1M volume
BUYER

Jordan Vogel
11 deals$262.1M volume
BUYER

Details

SOLD
IMAGE: 12/15/2021 ADDRESS: 818 Madison Avenue MARKET: Lenox Hill, Manhattan ASSET TYPE: Retail ~ ZONING: C5-1, MP BUYER: Jordan Vogel SELLER: Jill Almeas Giuricich PRICE: $17,000,000 BSF: 21,240 ~ PPBSF: $800 SF: 7,674 ~ PPSF: $2,215 FAR: 3.61 TAX CLASS: 4 LOT SIZE: 2,124 LAST SALE PRICE: $678,333 (8/11/2004) LOT DIMENSION: 24.42 ft x 87 ft

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Deal Type
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Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$60,397.40
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