Urban Home Ownership Corp. Acquires Office Condo In Manhattan For $16.25M

The office condo located at 420 5th Ave. 14th Floor in Manhattan has been sold for a price of $16,250,000. The property spans across 18,003 square feet, resulting in a price per square foot of $902.

Summary of transation details

• Property Type: Office Condo
• Transaction Amount: $16,250,000
• Address: 420 5th Ave. 14th Floor
• Market: Manhattan

Marist College acted as the seller in this transaction and was represented by John Ciraulo, Craig Waggner, Mike Kavanagh, and Frank Liantonio from Cushman & Wakefield. On the buyer's side, Urban Home Ownership Corp. purchased the property and Jonathan Anapol from Prime Manhattan Realty served as their representative.

It is worth noting that this sale marks the fifth office condominium floor that the Cushman & Wakefield team has successfully sold at the property within the past five years. The building's Fifth Avenue address and premier Class A status continue to attract companies and nonprofits in search of a management-free office condominium in prime Manhattan. Additionally, as part of the transaction, Marist College has leased back a portion of the space and will maintain a presence in the area.