Simons Foundation Acquires Condo In New York For $180.75M

160 5th Ave, New York, NY, 10010

$180,750,000

$2,677/SF

Building Size

67,500 SF

Asset Type

Condo

Closing

Dec 21, 2018

AI

The property asset involved in the transaction is a condo located at 160 5th Ave, New York, NY, 10010, with a sale price of $180,750,000.00. The condo spans a total square footage of 67,500 square feet and is situated in the New York market.

Summary of transaction details:

Property Type: Condo
Transaction Amount: $180,750,000.00
Buyer: Simons Foundation
Seller: RFR Holding
Buyer's Representative: Mitchell Konsker-JLL
Seller's Representatives: Michael W. Collins-Mohawk Real Estate, Michael "Mike" Collins-Cushman & Wakefield
Sale Date: 12/21/2018
Square Footage: 67,500

The deal involved key individuals including Aby Rosen of RFR Holdings, who sold the property, and Jim Simons, the founder of the Simons Foundation, a philanthropic organization established in 1994. Cushman & Wakefield's Adam Spies and Doug Harmon also played a significant role in negotiating the sale. RFR, prior to this transaction, acquired the property for $34.26 million in 2005 and will retain the retail portion of the property.

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