RFR Acquires Retail Space At 841 Madison Avenue From JSRE For $57 Million
841 Madison Avenue
$57,000,000
$3,166/SF
Building Size
18,000 SF
Asset Type
Retail
Closing
Sep 9, 2026
About this deal
AI
The retail asset located at 841 Madison Avenue in the Upper East Side market has been sold for $57,000,000. The property encompasses a total of 18,000 square feet, equating to a price per square foot of approximately $3,166.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $57,000,000
- Buyer: RFR
- Seller: JSRE
- Broker Representatives: Ross Mezzo - Global Advisory & Ezra Saffati - Majestic Acquisitions
Ross Mezzo and Ezra Saffati played crucial roles as the broker representatives in this transaction, facilitating the sale between the buyer, RFR, and the seller, JSRE.
On the Map
$57,000,000
$3,166/SF
Retail
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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
0.28%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93