SOLD
Effy Jewelers Acquires Office Building In Midtown Manhattan For $103M
590 5th Avenue
Office
103,000 SF
103,000 SF
Sold 1 year ago
Summary
Sale
NEW YORK
Office
103,000 sqft
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.
Players
All
3
Agents
2
Agencies
1
Details
SOLD
IMAGE: Albert Sultan & Morris Sabbagh
DATE: 10/22/2021
ADDRESS: 590 5th Avenue
MARKET: Midtown
ASSET TYPE: Office
BUYER: Effy Jewelers 💎
SELLER: @SLGreen_Realty Corp.
BROKERS: Albert Sultan (@Sultan5) & Morris Sabbagh - KSR (@Kassin_Sabbagh_Realty)
SALE PRICE: $103,000,000
SF: 103,000 ~ PPSF: $1,000View on map
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Address590 5th Avenue
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