609 Fifth Avenue, Manhattan | Development | $100,500,000

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609 Fifth Avenue, Manhattan | Development | $100,500,000

  • Description: Vacant office condo in the heart of Central Midtown, Manhattan
  • Neighborhood: Central Midtown
  • Lot Size: 12,832 SF (53′ X 175′)
  • Building Size: 152,530 SF (53′ x 175′)
  • Zoning: C5-3, C5-2.5, MID
  • F.A.R (As Built): 15 (9.66)
  • Cross Streets: E 48th Street & E 49th Street
  • Transportation: [B,D,F,M] subway lines at 47-50 Street – Rockefeller Center
  • Nearby Retailers: Best Buy, Capital One Bank, Sephora, Starbucks and more
  • Sold Price: $100,500,000

Details

Asset CRG Advisors (‘AssetCRG’) is pleased to announce the sale of 609 Fifth Avenue. The property sold for $100,500,000. This completely vacant 139,000 square foot office condo stands 12 stories high & has additional air rights in place.  609 Fifth Avenue is located on the corner of 49th Street & Fifth Avenue in the heart of the city’s premier shopping district. This building is directly across the street from Saks Fifth Avenue & Rockefeller Center. The Property was sold for $723 per built square foot. Asset CRG Advisors was the sole broker & was able to complete the transaction completely off market. Isaac Matayev & Mike Sezan represented the seller in this transaction. AssetCRG has successfully completed multiple deals with various landlords throughout New York and continues to bring value add and development opportunities to their clients. For investment opportunities please feel free to reach out to isaac@assetcrg.com & mike@assetcrg.com.

Additional Information

Asset Type

Development

City

New York

Neighborhood

Central Midtown

Price

$100,500,000

Broker

Isaac Matayev, Mike Sezan

 

Map

 

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    Our strong relationships with national retailers & office tenants, the broader real estate community, brokers, contractors, architects, engineers, attorneys, and local municipalities offer significant benefits to property owners. We're proud to provide the most comprehensive investment sales, leasing, and property management services across Metropolitan New York and Long Island.

    Contact Info

    215-15 Northern Boulevard,
    3rd Floor
    Bayside, NY 11361

    Phone: 646.586.2091

    Fax: 646.767.6790

    Web: www.assetcrg.com