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Argento SC Acquires Office Condo At 420 Fifth Avenue For $18.7M

420 Fifth Avenue, 15th Floor
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This Mixed-use property located in NY was sold for $18,723,120 over 5 years ago. The brokers of the deal were Craig Waggner, Wayne Siegel, James Nelson, Howard Rosenblum, John Ciraulo, and Henry Post

Located at 420 Fifth Avenue, 15th Floor in Midtown, NYC, an office condo was recently sold in a closed transaction. The property, spanning 18,003 square feet, was purchased by Argento SC for a total price of $18,723,120. With a price per square foot of $1,040, the sale marks a significant transaction in the Midtown market.

Summary of transaction details

  • Property Type: Office Condo
  • Transaction Amount: $18,723,120
  • Date: 11/01/2018

The seller of the office condo was AM Property Holdings, represented by Paul and Nathan Wasserman. On the buyer's side, Argento SC was advised by Wayne Siegel and Howard Rosenblum from Advisors CRE. The transaction was facilitated by the seller's representatives, James Nelson and Henry Post from vison_young_global, as well as John Ciraulo and Craig Waggner from Cushwake.

This sale presents a substantial opportunity for the new owners, Argento SC, to establish their presence in the prime Midtown location. The transaction testifies to the strength of the real estate market in the area and the confidence in this particular asset.

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Deals
  • Location
    420 Fifth Avenue, Manhattan, NYC, NY, USA420 Fifth Avenue, Manhattan, NYC, NY, USA
  • Sale Price
    $18,723,120$18,723,120
    $1,040 PPSF$1,040 PPSF
  • Area
    18,003 SF18,003 SF
  • Asset Type
    Mixed-useMixed-use
  • Parties
    6 Brokers, 3 Agencies6 Brokers, 3 Agencies

Agents

James Nelson

James Nelson

Deals66
Financed$1.4B

Howard Rosenblum

Howard Rosenblum

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Sold$18.7M

Henry Post

Henry Post

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Sold$18.7M

Wayne Siegel

Wayne Siegel

Deals17
Sold$54.7M

Agencies

Cushman & Wakefield

Cushman & Wakefield

Agency
Deals4188
Volume$167B

LSL Advisors

LSL Advisors

Agency
Deals136
Volume$365.7M

Avison Young

Avison Young

Agency
Deals808
Volume$17B

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Deal Summary

SALE IMAGE: Henry Post, James Nelson, John Ciraulo and Craig Waggner DATE: 11/01/2018 ADDRESS: 420 Fifth Avenue, 15th Floor MARKET: Midtown, NYC ASSET TYPE: Office Condo SELLER: AM Property Holdings – Paul and Nathan Wasserman BUYER: Argento SC SELLER’S REP: - @avison_young_global - James Nelson, Henry Post & @cushwake - John Ciraulo, Craig Waggner BUYER’S REP: Advisors CRE Wayne Siegel, Howard Rosenblum SALE PRICE: $18,723,120 SF: 18,003 ~ PPSF: $1,040

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420 Fifth Avenue, 15th Floor

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