SOLD
Prada USA Corp Acquires Mixed-use Property On 5th Avenue In Manhattan For $835M
724 & 720 5th Avenue
Mixed-use
300,000 SF
300,000 SF
Sold 128 days ago
Summary
Sale
NEW YORK
Mixed-use
300,000 sqft
724 & 720 5th Avenue in Manhattan has been sold in a mixed-use transaction. The property spans approximately 150,000 square feet and was acquired by Andrea Guerra of Prada USA Corp for a sale price of $835,000,000, resulting in a price per square foot of $5,567.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $835,000,000
- Address: 724 & 720 5th Avenue, Manhattan
- Square Footage: 150,000
- Market: Manhattan
The sellers of the property were Jeff Sutton and Joseph Sutton of Wharton Properties. The deal was facilitated by Will Silverman and Gary Phillips of Eastdil Secured, who acted as the brokers on the transaction.
Players
All
3
Agents
2
Agencies
1
Details
SOLD
IMAGE: Gary Phillips, Will Silverman, Andrea Guerra, Joseph Sutton & Jeff Sutton
DATE: 12/19/2023
ADDRESS: 724 & 720 5th Avenue
MARKET: Manhattan
ASSET TYPE: Mixed-use
BUYER: Andrea Guerra - Prada USA Corp (@Prada)
SELLER: Jeff Sutton & Joseph Sutton - Wharton Properties
BROKERS: Will Silverman (@Wilverman1978) & Gary Phillips (@Garyty123) - Eastdil Secured (@EastdilSecured)
SALE PRICE: $835,000,000
SF: 150,000 ~ PPSF: $5,567View on map
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Address724 & 720 5th Avenue
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