Effy Jewelers Acquires Office Building In Midtown Manhattan For $103M

Located in Midtown, the office building at 590 5th Avenue was recently sold in a closed transaction. The property, spanning approximately 103,000 square feet, was sold for a total of $103,000,000. This equates to a price per square foot of $1,000, indicating a significant investment in the prime Midtown market.

Summary of Transaction Details

• Property Type: Office
• Transaction Amount: $103,000,000
• Address: 590 5th Avenue, Midtown

Effy Jewelers 💎 emerged as the buyer in this transaction, while @SLGreen_Realty Corp. acted as the seller. Representing the deal, Albert Sultan and Morris Sabbagh from KSR brokered the transaction. Their expertise and negotiation skills contributed to the successful completion of the sale.