Benchmark Real Estate pays $12.5M to Sprayregens for property in Lenox Hill

Benchmark Real Estate Group through the entity Benchmark 824 LLC paid Sprayregen Real Estate Advisors’s Bicent Properties, LLC $12.5 million for 826 Madison Avenue in Lenox Hill. The deal closed on February 9, 2021 and was recorded on February 22, 2021. The transaction consists of 1 parcel, including the tax class retail building with apartments above (K4). The property is 9,152 square feet. The parcel(s) have total development potential of 9,152 square feet.
The average sale price per square foot is $1,366.

The contract date was December 4, 2020. The signatory for Benchmark was company principal Jordan Vogel.
Over the past five years, there has been one NYC Department of Buildings permit application filed for this parcel valued at more than $20,000.

Direct link to Acris document. link
The signatory for the buyer or lender was Jordan Vogel