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Why a Decade-Low Price Signals Optimism for New York Retail

Sale of Madison Avenue Portfolio Attracted Investors Hungry for Properties Long Unavailable
Akris, the Swiss retailer with a store at 835 Madison Ave. in New York City, bought the property and two others as part of a long-term investment. (CoStar)
Akris, the Swiss retailer with a store at 835 Madison Ave. in New York City, bought the property and two others as part of a long-term investment. (CoStar)
By Jennifer Waters
CoStar News
October 22, 2020 | 10:37 P.M.

In a sign of how investors are coveting some retail properties in need of repair in unprecedented times, look no further than the discounted sale of three Madison Avenue buildings in New York City.

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