1111 Third Avenue

Location:

New York, NY

Acquisition Date:

October 2008

Size:

28,990 square feet retail; 18,009 square feet office; 55,843 square feet parking

Asset Type:

Retail, Office, and Parking

Opportunity:

Madison acquired the retail, office, and parking condominium units in a landmarked, Upper East Side building. The retail unit included the full block fronts on both Second & Third Avenues between 65th Street & 66th Street consisting of a mix of local and national tenant types. The office condominium unit included 3 medical offices, and the parking unit consists of one long-term tenant. Madison sold the office component in 2013 and the retail and parking components in 2014.