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Simons Foundation Acquires Mixed-Use Office & Retail Property In Manhattan For $185M

160 Fifth Avenue
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This Mixed-use property located in NY was sold for $185,000,000 over 5 years ago. The brokers of the deal were Douglas (Doug) Harmon, Adam Spies, and Michael J Collins

The mixed-use property located at 160 Fifth Avenue in Manhattan has been sold for a total price of $185,000,000. The office portion of the property was sold for $150,000,000. Spanning across a total area of 150,000 square feet, the property boasts a price per square foot of $1,500. The property is situated at the intersection of W. 21st Street and 5th Avenue, offering a prime location for both office and retail purposes.

Summary of transaction details:

  • Property Type: Mixed Use – Office & Retail
  • Transaction Amount: $185,000,000 (Office Portion)
  • Square Footage: 150,000
  • Price per Square Foot: $1,500
  • Address: 160 Fifth Avenue
  • City: New York
  • Market: Manhattan

The sale of this property was facilitated by the brokerage team consisting of Adam Spies, Michael Collins, Aby Rosen, and Douglas Harmon. RFR Holdings, led by Aby Rosen, acted as the seller, while The Simons Foundation emerged as the buyer. The deal represents a significant transaction in the Manhattan real estate market.

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Deals
  • Location
    160 5th Ave, New York, NY 10010, USA160 5th Ave, New York, NY 10010, USA
  • Sale Price
    $185,000,000$185,000,000
    $1,233 PPSF$1,233 PPSF
  • Area
    150,000 SF150,000 SF
  • Asset Type
    Mixed-useMixed-use
  • Parties
    3 Brokers, 2 Agencies3 Brokers, 2 Agencies

Agents

Michael J Collins

Michael J Collins

Deals10
Sold$4.3B

Douglas (Doug) Harmon

Douglas (Doug) Harmon

Deals80
Financed$22.4B

Adam Spies

Adam Spies

Deals146
Financed$30.2B

Agencies

Newmark

Newmark

Agency
Deals3894
Volume$397.4B

Cushman & Wakefield

Cushman & Wakefield

Agency
Deals4190
Volume$167B

Deal Summary

IMAGE: Adam Spies, Michael Collins, Aby Rosen and Douglas Harmon DATE: 08/08/2018 ADDRESS: 160 Fifth Avenue X STREETS: W. 21st & 5th Ave CITY: New York MARKET: Manhattan ASSET TYPE: Mixed Use – Office & Retail PRICE: $185,000,000 ( OFFICE PORTION) SF: 150,000 PPSF: $1,500 SELLER: RFR Holdings – @AbyRosen BUYER: The Simons Foundation BROKER: […]

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160 Fifth Avenue

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