ON THE SCENE: Latest middle market sales
By REW
July 28, 2021
Judson CRE announced that Reka Darida Foundation has purchased 1065 Madison Avenue for $10,200,000. Located between East 80th and 81st Streets near the Metropolitan Museum of Art, the five story building was delivered vacant and had an asking price of $12,500,000. The mixed-use building spans approximately 5,880 s/f, offering 20 feet of street frontage on Madison Avenue with retail spaces on the ground and second floor. Upper levels include three full-floor apartments consisting of 1−3 bedroom units. The property lies within the C5-1 Madison Avenue commercial overlay, permitting it to be converted into a completely commercial building. Nicholas Judson represented the buyer while the seller, 1065 Madison LLC, was represented in-house by its managing agent, Judson Realty.