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
About this deal
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.
On the Map
$17,000,000
$2,215/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
0.93%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93