Empire Capital Holdings Acquires Office Property On Fifth Avenue In New York For $105M

An office property located at 529 Fifth Avenue in New York is currently under contract. The property, with a total area of 262,500 square feet, is being sold by Silverstein Properties to Empire Capital Holdings for a sale price of $105,000,000, equivalent to a price per square foot of $400. The transaction is facilitated by brokers Adam Spies, Doug Harmon, Josh King, Adam Doneger, Marcella Fasulo, and Avery Silverstein of Cushman & Wakfield.

Summary of transation details

• Property Type: Office
• Transaction Amount: $105,000,000
• Address: 529 Fifth Avenue
• Market: New York
• Square Footage: 262,500
• Buyer: Empire Capital Holdings
• Seller: Silverstein Properties
• Brokers: Adam Spies, Doug Harmon, Josh King, Adam Doneger, Marcella Fasulo, Avery Silverstein - Cushman & Wakfield

The deal, which is expected to be finalized, involves key individuals such as Adam Spies, Doug Harmon, Josh King, Adam Doneger, Marcella Fasulo, and Avery Silverstein, representing the buyer and seller in the transaction.