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Severn Realty Partners Sells Mixed-Use Property In Midtown Manhattan For $101M

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SOLD
$101,000,000

New York

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Mixed-use78,564 SF
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SOLD

Severn Realty Partners Sells Mixed-Use Property In Midtown Manhattan For $101M

576 5th Ave, New York, NY, 10036

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Mixed-use78,564 SF
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Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$1,285
Total Square Footage:78,564 SF
Transaction Type:Sale

576 Fifth Avenue, a 78,564-square-foot mixed-use office and retail building in Midtown Manhattan, was recently sold by Severn Realty Partners for $101 million. The property, located in the Diamond District near Rockefeller Center, encompasses three levels of retail space totaling 6,247 square feet and 10 floors of office space.

Summary of transaction details:

The sale of 576 Fifth Avenue was facilitated by Paul Massey, Dylan Kane, Daniel O’Mahony, and Christian Kane of B6 Real Estate Advisors, representing Severn Realty Partners on the seller's side. The buyer, a Delaware-based limited liability company, was represented by Daniel Chun and Adelaide Polsinelli of Compass, along with Sharon Kim Robinson of Silver & Oak Realty.

Players

Zach Redding
54 deals$1.8B volume(570) 574-9015
BROKER

SELLER

Details

SOLD
IMAGE: 576 5th Ave, New York, NY, 10036 MARKET: New York ASSET TYPE: Mixed-use SELLER'S REP: Zachary Redding(B6 Real Estate Advisors) BUYER: Unknown SELLER: Severn Realty Partners PRICE: $101,000,000.00 SF: 78564

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