As reported by The Real Deal last week, the mixed-use townhouse at 927 Madison Avenue closed for $9 million in late March. So what will this $9 million investment yield in returns? Well, the broker claims the new owner might expect net operating income of $1,039,392 (assuming everything's rented). Not bad! Have a look at the cold, hard numbers on the expired listing's offering flyer.
Philharmonic board member's Madison Avenue townhouse sells for $9M, The Real Deal
927 Madison Avenue, Faith Consolo
Thursday, April 8, 2010
Subscribe to:
Post Comments (Atom)

No comments:
Post a Comment