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818 Madison Avenue, New Yor...

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

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

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

$17,000,000

$2,215/SF

Building Size

7,674 SF

Asset Type

Retail

Closing

Dec 14, 2021

AI

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

Jordan Vogel

Buyer

$262.1M

vol

11 deals

Buyer

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

0.93%

Cash-on-Cash

-0.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93