SOLD
Argento SC Acquires Office Condo At 420 Fifth Avenue For $18.7M
420 Fifth Avenue, 15th Floor
Mixed-use
18,003 SF
18,003 SF
Sold 1 year ago
Summary
Sale
NEW YORK
Mixed-use
18,003 sqft
Located at 420 Fifth Avenue, 15th Floor in Midtown, NYC, an office condo was recently sold in a closed transaction. The property, spanning 18,003 square feet, was purchased by Argento SC for a total price of $18,723,120. With a price per square foot of $1,040, the sale marks a significant transaction in the Midtown market.
Summary of transaction details
- Property Type: Office Condo
- Transaction Amount: $18,723,120
- Date: 11/01/2018
The seller of the office condo was AM Property Holdings, represented by Paul and Nathan Wasserman. On the buyer's side, Argento SC was advised by Wayne Siegel and Howard Rosenblum from Advisors CRE. The transaction was facilitated by the seller's representatives, James Nelson and Henry Post from vison_young_global, as well as John Ciraulo and Craig Waggner from Cushwake.
This sale presents a substantial opportunity for the new owners, Argento SC, to establish their presence in the prime Midtown location. The transaction testifies to the strength of the real estate market in the area and the confidence in this particular asset.
Players
All
9
Agents
6
Agencies
3
Details
SOLD
IMAGE: Henry Post, James Nelson, John Ciraulo and Craig Waggner
DATE: 11/01/2018
ADDRESS: 420 Fifth Avenue, 15th Floor
MARKET: Midtown, NYC
ASSET TYPE: Office Condo
SELLER: AM Property Holdings – Paul and Nathan Wasserman
BUYER: Argento SC
SELLER’S REP: - @avison_young_global - James Nelson, Henry Post & @cushwake - John Ciraulo, Craig Waggner
BUYER’S REP: Advisors CRE Wayne Siegel, Howard Rosenblum
SALE PRICE: $18,723,120
SF: 18,003 ~ PPSF: $1,040View on map
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Address420 Fifth Avenue, 15th Floor
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