Simons Foundation Acquires Mixed-Use Office & Retail Property In Manhattan For $185M

The mixed-use property located at 160 Fifth Avenue in Manhattan has been sold for a total price of $185,000,000. The office portion of the property was sold for $150,000,000. Spanning across a total area of 150,000 square feet, the property boasts a price per square foot of $1,500. The property is situated at the intersection of W. 21st Street and 5th Avenue, offering a prime location for both office and retail purposes.

Summary of transaction details:

• Property Type: Mixed Use – Office & Retail
• Transaction Amount: $185,000,000 (Office Portion)
• Square Footage: 150,000
• Price per Square Foot: $1,500
• Address: 160 Fifth Avenue
• City: New York
• Market: Manhattan

The sale of this property was facilitated by the brokerage team consisting of Adam Spies, Michael Collins, Aby Rosen, and Douglas Harmon. RFR Holdings, led by Aby Rosen, acted as the seller, while The Simons Foundation emerged as the buyer. The deal represents a significant transaction in the Manhattan real estate market.