Acadia grabs UES building on Madison Ave. for $33M

Five-story home to retailer Davide Cenci sells for first time in 30-plus years

New York /
Apr.April 14, 2015 11:50 AM

Acadia Realty Trust is continuing its Upper East Side push with the purchase of a five-story commercial building at 801 Madison Avenue for $33 million, according to property records filed with the city today.

Investor Ameri Maurizio, who runs the Midtown-based accounting firm Funaro & Co., owned the roughly 6,200-square-foot property, between East 67th and 68th streets, for more than 30 years, records show. Luxury Italian menswear retailer Davide Cenci occupies part of the 5,000-square-foot retail component, while the top floor holds offices.

Acadia’s Christopher Conlon declined to comment on the deal, and Maurizio could not be immediately reached. It is unknown if brokers were involved.

Elsewhere in the neighborhood, Acadia, a White Plains-based retail-centric real estate investment trust, recently bought the commercial space at the base of the Wellington for $51 million and two retail townhouses for a combined $47 million.

 

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