Acadia Realty Trust And Hilltop RE Purchase Retail Asset From Naftali Group For $20.75M
1045 Madison Avenue & 1165 Madison Avenue
$20,750,000
$3,400/SF
Building Size
6,102 SF
Asset Type
Retail
Closing
Jan 28, 2026
AI
The transaction involves retail properties located at 1045 Madison Avenue and 1165 Madison Avenue in the Upper East Side market. The sale price was $20,750,000 for a total of 6,102 square feet, translating to a price per square foot of $3,400.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $20,750,000
- Buyer: Acadia Realty Trust & Hilltop RE
- Seller: Naftali Group
- Brokers: Brandon Polakoff & Brent Glodowski - Avison Young
The deal features Acadia Realty Trust and Hilltop RE as the buyer entities, acquiring the properties from the Naftali Group, with Brandon Polakoff and Brent Glodowski representing the interests of the buyer in this transaction.
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
0.76%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93