SOLD
Akris Inc Acquires Mixed-Use Property On Madison Ave For $45M
831, 835 & 837 Madison Avenue
Mixed-use
34,000 SF
34,000 SF
Summary
Sale
NEW YORK
Mixed-use
34,000 sqft
Three mixed-use properties located at 831, 835, and 837 Madison Ave in Lenox Hill have been sold in a recent transaction. The properties feature three groundfloor retail spaces and a combined 15 residences on the floors above. The sale includes a total of 34,000 square feet, with a price per square foot of $1,323. The transaction took place on October 13, 2020, with a sale price of $45,000,000.
Summary of transation details
- Property Type: Mixed-use
- Transaction Amount: $45,000,000
- Address: 831, 835 & 837 Madison Ave
- Market: Lenox Hill
The buyer of the properties is Akris Inc, represented by Peter Kriemler. The seller is the Estate of Myles Lowell. Eastdil's representatives Gary Phillips, Will Silverman, Steve Binswanger, and Jeff Organisciak acted as the seller's representatives in the deal. Daniel Kaplan from CBRE represented Akris Inc in the transaction.
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Details
SOLD
IMAGE: Gary Phillips, Peter Kriemler & Daniel Kaplan
DATE: 10/13/2020
ADDRESS: 831, 835 & 837 Madison Ave
MARKET: Lenox Hill
ASSET TYPE: Mixed-use
BUYER: Akris Inc - Peter Kriemler
SELLER: Estate of Myles Lowell
SELLER’S REP: Gary Phillips, Will Silverman, Steve Binswanger, & Jeff Organisciak - Eastdil
BUYER’S REP: Daniel Kaplan- CBRE
SALE PRICE: $45,000,000
SF: 34,000 ~ PPSF: $1,323
NOTE: The properties are located between East 69th and 70th streets, and include three groundfloor retail spaces and a combined 15 residences on the floors above.View on map
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Address831, 835 & 837 Madison Avenue
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