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Shaun Ajodan Acquires Mixed-Use Asset In Kips Bay For $11.5M

157-159 Lexington Avenue
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This Mixed-use property located in NY was sold for $11,500,000 almost 5 years ago. The broker of the deal was Brendan Maddigan

Located in the vibrant neighborhood of Kips Bay, the mixed-use property at 157-159 Lexington Ave has recently changed hands in a closed transaction. The property offers a total area of 12,452 square feet and boasts a prime location in the market.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $11.5M
  • Address: 157-159 Lexington Ave
  • Market: Kips Bay

The seller of this property was Michael Tsoumpas, while the buyer was Shaun Ajodan. Representing the transaction were Clint Olsen, Brendan Maddigan, Stephen Palmese, Ethan Stanton, Winfield Clifford, and Michael Mazzara from JLL.

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  • Location
    157-159 Lexington Avenue, Kips Bay, New York, NY, USA157-159 Lexington Avenue, Kips Bay, New York, NY, USA
  • Sale Price
    $11,500,000$11,500,000
    $923 PPSF$923 PPSF
  • Area
    12,452 SF12,452 SF
  • Asset Type
    Mixed-useMixed-use
  • Parties
    1 Broker, 1 Agency1 Broker, 1 Agency

Agent

Brendan Maddigan

Brendan Maddigan

Deals80
Financed$2.7B

Agency

JLL

JLL

Agency
Deals5591
Volume$332.6B

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Deal Summary

SALE IMAGE: Brendan Maddigan, Stephen Palmese, Ethan Stanton, Winfield Clifford, Michael Mazzara and Clint Olsen DATE: 04/10/2019 ADDRESS: 157-159 Lexington Ave MARKET: Kips Bay ASSET TYPE: Mixed-use SELLER: Michael Tsoumpas BUYER: Shaun Ajodan BROKERS: Clint Olsen, Brendan Maddigan, Stephen Palmese, Ethan Stanton, Winfield Clifford, Michael Mazzara @JLL SALE PRICE: $11.5M SF: 12,452 ~ PPSF: $923

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157-159 Lexington Avenue

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