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

Property Image
SOLD
$185,000,000
Douglas (Doug) Harmon
Adam Spies
+ 1

New York

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Mixed-use150,000 SF
Sold 08/08/2018
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Property Image
SOLD

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

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

See Similar Deals
Mixed-use150,000 SF
Sold 08/08/2018
Douglas (Doug) Harmon
Adam Spies
+ 1
Contact now

Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$1,233
Total Square Footage:150,000 SF
Transaction Type:Sale

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.

Players

Michael J Collins
11 deals$4.3B volume(040) 402-3204
BROKER

Adam Spies
Newmark
260 deals$71.4B volume(212) 841-7500
BROKER

Douglas (Doug) Harmon
Newmark
128 deals$47.3B volume
BROKER

BUYER

Aby Rosen
RFR
32 deals$5.8B volume
SELLER

Details

SOLD
IMAGE: Adam Spies, Michael Collins, Aby Rosen and Douglas Harmon DATE: 08/08/2018 ADDRESS: 160 Fifth Avenue X STREETS: W. 21st & 5th Ave CITY: New York MARKET: Manhattan ASSET TYPE: Mixed Use – Office & Retail PRICE: $185,000,000 ( OFFICE PORTION) SF: 150,000 PPSF: $1,500 SELLER: RFR Holdings – @AbyRosen BUYER: The Simons Foundation BROKER: […]

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