Investment Sales
RFR Buys Prada-Anchored Madison Avenue Retail Condo for $57M
Aby Rosen and Michael Fuchs expand their luxury retail footprint by acquiring the prime Upper East Side commercial space from JSRE Acquisitions.
By OMI Desk ยท
The Brief
- Aby Rosen and Michael Fuchs's RFR Holding finalized the acquisition of the retail condo for $57 million.
- Seller JSRE Acquisitions is connected to the Safra family and Status Capital.
- The retail asset occupies a prominent corner location at East 70th Street and Madison Avenue.
- Italian luxury fashion house Prada serves as the long-term anchor tenant for the commercial space.
The Brief - Aby Rosen and Michael Fuchs's RFR Holding finalized the acquisition of the retail condo for $57 million. - Seller JSRE Acquisitions is connected to the Safra family and Status Capital. - The retail asset occupies a prominent corner location at East 70th Street and Madison Avenue. - Italian luxury fashion house Prada serves as the long-term anchor tenant for the commercial space.
RFR Holding has acquired the retail condominium at 841 Madison Avenue on Manhattan's Upper East Side for $57 million. The transaction, reported in December 2024, transfers ownership of a premier luxury retail space anchored by Italian fashion house Prada.
Who are the parties involved in the transaction?
The buyer, RFR Holding, is a prominent real estate firm led by co-founders Aby Rosen and Michael Fuchs. The seller is JSRE Acquisitions, an investment entity associated with the Safra family and Status Capital. The physical retail space is leased to Prada, which serves as the anchor tenant for this high-profile commercial property.
What are the characteristics of the acquired asset?
The property consists of a retail condominium unit located at the corner of Madison Avenue and East 70th Street. Positioned in one of the most prestigious shopping districts in New York City, the asset benefits from high foot traffic and proximity to other luxury brands.
| Property Metric | Detail | | --- | --- | | Address | 841 Madison Avenue, New York, NY | | Purchase Price | $57,000,000 | | Anchor Tenant | Prada | | Seller | JSRE Acquisitions | | Buyer | RFR Holding |
How was the transaction financed?
Specific financing terms, loan origination details, and the identity of any lenders involved in RFR Holding's purchase of the retail condominium have not been publicly disclosed. The transaction was finalized at the $57 million purchase price reported by industry sources.
What are the limits of the current reporting?
The source material does not outline the remaining duration of Prada's lease at the property or the exact square footage of the retail condominium. Additionally, the specific capitalization rate and future leasing strategies intended by RFR Holding for the East 70th Street corner property remain unspecified.
FAQ ### Which publication first reported this Madison Avenue transaction? The transaction was first reported by the Commercial Observer, which confirmed the details of the $57 million sale.
Is the exact square footage of the retail condo available? The initial reports of the transaction did not disclose the precise square footage or the price-per-square-foot breakdown for the retail space.
Does the sale include the entire building at 841 Madison Avenue? No, the transaction was specifically for the retail condominium unit at the base of the building, not the entire physical structure.
Sources - [Commercial Observer](https://commercialobserver.com/2026/09/rfr-holding-acquisition-841-madison-avenue/)
Frequently Asked Questions
Which publication first reported this Madison Avenue transaction?
The transaction was first reported by the Commercial Observer, which confirmed the details of the $57 million sale.
Is the exact square footage of the retail condo available?
The initial reports of the transaction did not disclose the precise square footage or the price-per-square-foot breakdown for the retail space.
Does the sale include the entire building at 841 Madison Avenue?
No, the transaction was specifically for the retail condominium unit at the base of the building, not the entire physical structure.