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160 5th Ave, New York, NY 1...

Updated Apr 3, 2025

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

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

160 5th Ave, New York, NY 10010, USA

$185,000,000

$1,233/SF

Building Size

150,000 SF

Asset Type

Mixed-use

Closing

Aug 7, 2018

About this deal

AI

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.

On the Map

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$185,000,000

$1,233/SF

Mixed-use

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Players

Michael J Collins

Cushman & Wakefield

Broker

$4.3B

vol

11 deals

Broker
Adam Spies
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Adam Spies

Newmark

Broker

$76.8B

vol

276 deals

Broker
SF
Simons FoundationBuyer
Aby Rosen

Aby Rosen

RFR

Seller

$6.2B

vol

38 deals

Seller
Bilt advertisement

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Deal FAQ

About $1.2K per square foot on a published $185M for 150,000 square feet (2018).

Visit Michael J Collins to view all their deals.

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.09%

Cash-on-Cash

-0.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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