JSRE Acquisitions Acquires Retail Property On Madison Avenue For $45.6M

The retail property located at 841 Madison Avenue in Lenox Hill has been sold for a price of $45,587,493. The property spans 18,877 square feet, resulting in a price per square foot of $2,415. The sale took place on October 16, 2020.

Summary of transation details

• Property Type: Retail
• Transaction Amount: $45,587,493
• Address: 841 Madison Avenue
• Market: Lenox Hill
• Square Footage: 18,877
• Price per Square Foot: $2,415

The buyer of the property is JSRE Acquisitions, while the seller is Ashkenazy Acquisition, represented by Ben Ashkenazy and Daniel Levy. The property is zoned as C5-1, MP and has a floor area ratio (FAR) of 11.78. The lot size is 5,000 square feet, with dimensions of 50 feet by 100 feet. An alteration type 3 permit was obtained on March 26, 2019 for the property.