905 Eighth Avenue

Location:

New York, NY

Acquisition Date:

December 2013

Size:

16,287 square feet retail; 16,904 square feet parking

Asset Type:

Retail and Parking

Opportunity

Madison acquired the retail and parking condominium units located in the Metro a luxury Midtown West apartment building. The retail unit includes a full block-front on Eight Avenue between 53rd Street and 54th Street consisting of a mix of local and national tenant types. The long-term investment strategy was to reposition and increase rents upon tenant lease expirations. Madison disposed of the investment in September 2022.