MultiFamily Property At 800 5th Avenue Sold For $800 Million In New York City

The transaction involved a multifamily asset located at 800 5th Avenue in New York City. The sale was finalized on March 24, 2025, for a price of $800,000,000.00.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $800,000,000.00
• Buyer: Miki Naftali (Naftali Group)
• Seller: Eliot Spitzer (Spitzer Enterprises)
• Brokers: Adam Spies (Newmark), Douglas (Doug) Harmon (Newmark), Adam Doneger (Newmark), Marcella Fasulo (Newmark)

The brokers representing the parties in this transaction included multiple professionals from Newmark, indicating a collaborative effort in facilitating the deal. The involvement of both a prominent buyer and seller reflects the significance of the transaction in the New York City real estate market.