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SOLD

Prada USA Corp Acquires Mixed-use Property On 5th Avenue In Manhattan For $835M

724 & 720 5th Avenue

Mixed-use
300,000 SF
clock iconSold 122 days ago
William (Will) Silverman
Gary Phillips
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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

William (Will) Silverman's profile picture
William (Will) Silverman
Eastdil Secured-image
Managing Director
$9B Sold
Gary Phillips's profile picture

Details

Deal Summary
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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: $5,567

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Address724 & 720 5th Avenue

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