Ziff Brothers Investments Acquires Office Space In Midtown Manhattan

The sale of an office property at 420 Fifth Ave - 5th Fl in Midtown has been completed. The property, located at a prime address in Midtown, was sold for a total of $27,300,000. The office space spans an area of 33,058 square feet, resulting in a price per square foot of $759.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $27,300,000

The seller of the property is the Witkoff Company, a well-known real estate firm. The buyer, Ziff Brothers Investments, made the purchase through Dirk Ziff. Representing the buyer, Brian Gell, Vice Chairman of CBRE, played a key role in the transaction. On the seller's side, Michael Rudder and Michael Heller from Rudder Property Group acted as the representatives.