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Michael J. Ferrara Sells NoMad Office Building For $52.5M

260 5th Avenue
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This Office property located in NY was sold for $52,500,000 almost 4 years ago. The brokers of the deal were Michael Ferrara and Andrew Zang

260 5th Avenue, located in NoMad, was recently sold in a closed transaction. The property, which is an office asset, was sold on 05/07/2021. The sale price for this transaction was $52,500,000, and the property spans across 59,858 square feet, resulting in a price per square foot of $877.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $52,500,000
  • Address: 260 5th Avenue
  • Market: NoMad

Andrew Zang and Greg Albert of avills represented the buyer in this transaction, while Michael J. Ferrara of raxRealtyNYC served as the seller's representative.

View Related

Deals
  • Location
    260 5th Avenue NoMad260 5th Avenue NoMad
  • Sale Price
    $52,500,000$52,500,000
    $877 PPSF$877 PPSF
  • Area
    59,858 SF59,858 SF
  • Asset Type
    OfficeOffice
  • Parties
    2 Brokers, 2 Agencies2 Brokers, 2 Agencies

Agents

Michael Ferrara

Michael Ferrara

Deals14
Sold$255.6M

Andrew Zang

Andrew Zang

Deals1
Sold$52.5M

Agencies

Brax Realty

Brax Realty

Agency
Deals29
Volume$352.4M

Savills

Savills

Agency
Deals137
Volume$2.7B

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Deal Summary

SALE IMAGE: Greg Albert, Michael J. Ferrara & Andrew Zang DATE: 05/07/2021 ADDRESS: 260 5th Avenue MARKET: NoMad ASSET TYPE: Office BUYER’S REP: Andrew Zang & Greg Albert - @Savills SELLER’S REP: Michael J. Ferrara - @BraxRealtyNYC SALE PRICE: $52,500,000 SF: 59,858 ~ PPSF: $877

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260 5th Avenue

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