Torchlight Investors Acquires 445 Fifth Avenue Condo In Grand Central, Manhattan For $40M

Torchlight Investors, represented by Gianluca Montalti, has acquired a condo at 445 5th Avenue in Grand Central, Manhattan. The property, valued at $40 million, spans over 16,899 square feet. The purchase price per square foot stands at $2,367.

Summary of transaction details

• Property Type: Condo
• Transaction Amount: $40,000,000
• Address: 445 5th Avenue
• Market: Grand Central, Manhattan

Torchlight Investors, under the representation of Gianluca Montalti, acquired the condo from Harbor Group International, with T. Richard Litton Jr. serving as their representative. Lender Torchlight Investors, operating as Dof VI 445 Fifth, LLC, facilitated the purchase of these three retail condos. This transaction marks the transfer of ownership from the former borrower, Harbor Group International, to Torchlight Investors, with the asset's value reflecting $40 million.