SOLD
Urban Home Ownership Corp. Acquires Office Condo In Manhattan For $16.25M
420 5th Ave. 14th Floor Manhattan
Other
18,003 SF
18,003 SF
Sold 1 year ago
Summary
Sale
NEW YORK
Other
18,003 sqft
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.
Players
All
6
Agents
5
Agencies
1
Details
SOLD
IMAGE: John Ciraulo, Mike Kavanagh, Craig Waggner, Jonathan Anapol & Frank Liantonio
DATE: 08/25/2022
ADDRESS: 420 5th Ave. 14th Floor
MARKET: Manhattan
ASSET TYPE: Office Condo
BUYER: Urban Home Ownership Corp.
SELLER: Marist College
BUYER’S REP: Jonathan Anapol - Prime Manhattan Realty (@PrimeManhattanRealty)
SELLER’S REP: John Ciraulo (@JohnCiraulo), Craig Waggner (@Craig_Waggner), Mike Kavanagh (@KavanaghMike) & Frank Liantonio (@TeamCirauloWaggner) - Cushman & Wakefield
SALE PRICE: $16,250,000
SF: 18,003 ~ PPSF: $902
NOTE FROM BROKER: A Cushman & Wakefield team consisting of Frank Liantonio, John Ciraulo, Craig Waggner, Mike Kavanagh & John Fitzsimons led the marketing efforts on behalf of the seller, Marist College. This is the 5th office condominium floor the C&W team has sold at the property in as many years. There is a constant draw to the building & Fifth Avenue address for those companies & nonprofits that want to own a premier, Class A, management free office condominium in prime Manhattan. As part of the sale, Marist leased back a portion of the space & will continue to have a presence in Manhattan. The property was purchased by Urban Home Ownership Corp who was represented by Jonathan Anapol of Prime Manhattan Realty.View on map
Loading...
Address420 5th Ave. 14th Floor Manhattan
Comparables
Reset filters to show results.
Contact
Get in touch with the broker you want