420 Fifth Ave - Office CONDO FOR SALE


New York, NY 10018- Bryant Park
$9,640,000 USD
212-812-5995
420 Fifth Ave, New York, NY for Sale
$9,640,000 USD
Office CONDO - FOR SALE
1/8
null | Request Cap Rate

420 Fifth Ave
New York, NY 10018
Bryant Park


OVERVIEW

JLL has been retained on an exclusive basis to arrange for the sale of Unit #27 located at 420 Fifth Avenue, a 30-story commercial office condominium building situated on the west side of Fifth Avenue between West 37th and 38th Streets. Unit #27 occupies the entire 27th Floor and measures approximately 11,850 rentable square feet. The building features oversized windows and 360 degree views of the Midtown skyline, providing the space with excellent light and air. Currently, the unit is leased to “Fantaseyes”, a privately held accessories company which designs and manufactures various accessories for well-known retailers worldwide. Their current 11-year lease is set to expire in June of 2030 and there is an additional 5-year extension option. The refined space has been fully built out and renovated featuring common space, showrooms/conference rooms, private offices, a reception area and kitchen. This represents an incredible opportunity for a prospective buyer to acquire a fully built out, full-floor office condo in one of the premier mixed-use office buildings along Fifth Avenue in Midtown. Future ownership will benefit immensely from having a strong, cash-flowing tenant in the near term with the flexibility long term to deliver the space vacant for a potential owner-user purchase.

FOR SALE DETAILS

PRICE

$9,640,000 USD

PRICE/SF

$814 USD /SF

CAP RATE

Request Cap Rate

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

583,801 SF

STORIES

30

BUILDING CLASS

A

YEAR BUILT

1991

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.18 AC

LAND SF

51,401 SF

ZONING

C5-3

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

212-812-5995

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212-812-5995

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