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Cushman & Wakefield Arranges $17.5M Sale of 833 Madison Avenue

Jayden Lapin-Tatman • 11/11/2022

New York, NY – Cushman & Wakefield announced today that the real estate services firm has arranged the sale of a 9,302-square-foot, mixed-use property located at 833 Madison Avenue. The final sale price was $17,500,000.

Cushman & Wakefield’s Hunter Moss represented the seller, A. L. Holdings, Inc., in the transaction. A CBRE team led by Daniel Kaplan represented the buyer, Myles Madison, Inc.

“833 Madison presented the rare opportunity to acquire a premier mixed-use asset in one of the most prestigious retail corridors in the world,” said Moss. “Despite financing being a challenge, we were able to lead a highly competitive marketing process where we saw significant interest in the property and received multiple all cash offers. This sale is evidence that buyers are confident in Madison Avenue’s recovery.”

833 Madison is a 32-foot wide, five-story building comprised of two retail units, one office unit, two gallery units and six residential units. This purchase represents the completion of an assemblage of properties spanning 123 feet along Madison Avenue for the buyer.

The property is located in the heart of the Upper East Side, surrounded by an array of retail, dining and entertainment options. The asset located within walking distance to the 4, 5 and 6 trains and is within a 20-minute drive to LaGuardia Airport.

A photo of the property can be downloaded here.

About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In 2023, the firm reported revenue of $9.5 billion across its core services of property, facilities and project management, leasing, capital markets, and valuation and other services. It also receives numerous industry and business accolades for its award-winning culture and commitment to Diversity, Equity and Inclusion (DEI), sustainability and more. For additional information, visit www.cushmanwakefield.com.

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