Dolce & Gabbana Signs Long-Term Lease For 21,000 SF At 551 Fifth Avenue, Midtown Manhattan
551 5th Avenue
$65
$65/SF
Building Size
21,000 SF
Asset Type
Office
Closing
Oct 26, 2026
About this deal
AI
The property asset involved in this transaction is located at 551 5th Avenue in Midtown Manhattan. It is classified as an office asset, encompassing a total square footage of 21,000. The asking rent for this space was set at $65 per square foot.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $65/ft.
- Square Footage: 21,000
- Address: 551 5th Avenue
- Market: Midtown Manhattan
- Landlord: Jeffrey J. Feil - The Feil Organization
- Tenant: Dolce & Gabbana
- Landlord's Representative: Andrew Wiener, Timothy D. Parlante & Kevin Driscoll - The Feil Organization
- Tenant's Representative: Louis d'Avanzo, Owen Koorbusch & John Fitzsimons - Cushman & Wakefield
Dolce & Gabbana has signed a long-term lease for the space, relocating its NYC headquarters from 546 Fifth Avenue, which is positioned directly across the street.
On the Map
$65
$65/SF
Office
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Players
New York Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
244046.15%
Cash-on-Cash
-69749.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93