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Aurora Capital Associates & Edmond M. Safra Acquire Retail Condo On 530 Fifth Avenue For $192M

Property Image
SOLD
$192,000,000
Benjamin (Ben) Lushing
Marcella Fasulo
Kevin Donner
+ 4

New York

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60,000 SF
Sold 09/07/2021
the dealplayerscompscontact
Property Image
SOLD

Aurora Capital Associates & Edmond M. Safra Acquire Retail Condo On 530 Fifth Avenue For $192M

530 5th Avenue, Manhattan, New York, NY, USA

See Similar Deals
60,000 SF
Sold 09/07/2021
Benjamin (Ben) Lushing
Marcella Fasulo
Kevin Donner
+ 4
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Price Per Square Foot:$3,200
Total Square Footage:60,000 SF
Transaction Type:Sale

A retail condo located at 530 Fifth Avenue in Midtown Manhattan has been sold for $192,000,000. The property spans 60,000 square feet, resulting in a price per square foot of $3,200. The previous sale of the property occurred in 2014 for $295,000,000.

Summary of transation details

  • Property Type: Retail Condo
  • Transaction Amount: $192,000,000

The buyer of the retail condo at 530 Fifth Avenue is Aurora Capital Associates and Edmond M. Safra. The seller is Brookfield Property Partners. The deal was facilitated by a team of brokers consisting of Adam Spies, Kevin Donner, Marcella Fasulo, Doug Harmon, Adam Doneger, Josh King, and Ben Lushing from Cushman & Wakefield.

The retail condo is currently occupied by Duane Reade, Chase, UGG, and FiveBelow.

Players

Adam Doneger
Newmark
Adam Doneger
190 deals$50.2B volume(516) 317-7837
BROKER
Adam Spies
Newmark
Adam Spies
263 deals$71.8B volume(212) 841-7500
BROKER
Douglas (Doug) Harmon
Newmark
Douglas Harmon
130 deals$47.6B volume
BROKER
Joshua King
Newmark
Joshua King
115 deals$32.8B volume(212) 850-5427
BROKER
Kevin Donner
Newmark
Kevin Donner
48 deals$10.1B volume
BROKER
Marcella Fasulo
Newmark
Marcella Fasulo
94 deals$25.9B volume
BROKER
Benjamin (Ben) Lushing
Newmark
Benjamin Lushing
18 deals$3.1B volume
BROKER
Cushman & Wakefield
Cushman & Wakefield
BROKERAGE
Aurora Capital Associates
Aurora Capital Associates
BUYER
Chase Bank
Chase Bank
LENDER

Details

SOLD
IMAGE: Adam Spies, Kevin Donner, Adam Doneger, Ben Lushing , Bruce Flatt, Josh King, Bobby Cayre, Marcella Fasulo, Brian Kingston, Doug Harmon & Jared Epstein DATE: 09/07/2021 ADDRESS: 530 Fifth Avenue MARKET: Midtown Manhattan ASSET TYPE: Retail Condo BUYER: Aurora Capital Associates & Edmond M. Safra SELLER: Brookfield Property Partners BROKERS: Adam Spies, Kevin Donner, Marcella Fasulo, Doug Harmon, Adam Doneger, Josh King & Ben Lushing - Cushman & Wakefield TENANTS: Duane Reade, @Chase, @UGG and @FiveBelow. SALE PRICE: $192,000,000 SF: 60,000 ~ PPSF: $3,200 LAST SALE: $295,000,000 (2014)

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Debt Service Coverage Ratio (DSCR)

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