Madison Avenue Retail Storefronts Sell at 80% Discount

``The deal came out to $1,340 per square foot, a significant decline from 2014; at that point, retail properties on Madison Avenue were selling for about $7,589 per square foot, according to the Journal. It's the lowest deal recorded on that street in a decade, according to Cushman & Wakefield... The luxury retailer Akris will buy three properties at 831, 835 and 837 Madison Avenue between East 69th and 70th Streets for $45 million, according to the Wall Street Journal. The deal includes three ground-floor retail spaces, along with 15 residential units.''