Ardian Purchases Retail Property At 715 5th Avenue From Kering SA For $900 Million
SOLD
$690,000,000
New York
See Similar DealsRetail115,000 SF
Sold 12/15/2025
SOLD
Ardian Purchases Retail Property At 715 5th Avenue From Kering SA For $900 Million
715 5th Avenue
See Similar DealsRetail115,000 SF
Sold 12/15/2025
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$6,000
Total Square Footage:115,000 SF
Transaction Type:Sale
The asset involved in the transaction is a retail property located at 715 5th Avenue in Midtown Manhattan. The transaction was completed for a price of $900,000,000, with a total square footage of 115,000, resulting in a price per square foot of $7,826.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $900,000,000
- Address: 715 5th Avenue
- Market: Midtown Manhattan
- Square Footage: 115,000
- Price Per Square Foot: $7,826
- Buyer: Ardian
- Seller: Kering SA
- Broker Representation: Will Silverman, Gary Phillips & Carly Shoulberg - Eastdil Secured
The transaction was facilitated by brokers Will Silverman, Gary Phillips, and Carly Shoulberg from Eastdil Secured, representing the interests of both the buyer, Ardian, and the seller, Kering SA. The brokers played a key role in bringing both parties together for this significant retail transaction.
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30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$36,799,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$2,451,424.27
Cash-on-Cash Return-1.27%
Monthly Debt Service$3,270,952.02
Annual Debt Service$39,251,424.26
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