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Empire Capital Holdings Acquires Office Property On Fifth Avenue In New York For $105M

529 Fifth Avenue
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This MultiFamily property located in NY was sold for $105,000,000 about 1 year ago. The brokers of the deal were Adam Spies, Douglas (Doug) Harmon, Joshua (Josh) King, Adam Doneger, Marcella Fasulo, and Avery Silverstein

An office property located at 529 Fifth Avenue in New York is currently under contract. The property, with a total area of 262,500 square feet, is being sold by Silverstein Properties to Empire Capital Holdings for a sale price of $105,000,000, equivalent to a price per square foot of $400. The transaction is facilitated by brokers Adam Spies, Doug Harmon, Josh King, Adam Doneger, Marcella Fasulo, and Avery Silverstein of Cushman & Wakfield.

Summary of transation details

  • Property Type: Office
  • Transaction Amount: $105,000,000
  • Address: 529 Fifth Avenue
  • Market: New York
  • Square Footage: 262,500
  • Buyer: Empire Capital Holdings
  • Seller: Silverstein Properties
  • Brokers: Adam Spies, Doug Harmon, Josh King, Adam Doneger, Marcella Fasulo, Avery Silverstein - Cushman & Wakfield

The deal, which is expected to be finalized, involves key individuals such as Adam Spies, Doug Harmon, Josh King, Adam Doneger, Marcella Fasulo, and Avery Silverstein, representing the buyer and seller in the transaction.

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Deals
  • Location
    529 5th Avenue, New York City, New York 10003, United States529 5th Avenue, New York City, New York 10003, United States
  • Sale Price
    $105,000,000$105,000,000
    $400 PPSF$400 PPSF
  • Area
    262,500 SF262,500 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    6 Brokers, 1 Agency6 Brokers, 1 Agency

Agents

Marcella Fasulo

Marcella Fasulo

Deals45
Financed$10.9B

Joshua (Josh) King

Joshua (Josh) King

Deals56
Financed$10.2B

Douglas (Doug) Harmon

Douglas (Doug) Harmon

Deals80
Financed$22.4B

Avery Silverstein

Avery Silverstein

Deals21
Financed$3.3B

Adam Spies

Adam Spies

Deals146
Financed$30.2B

Adam Doneger

Adam Doneger

Deals93
Financed$20.9B

Agency

Newmark

Newmark

Agency
Deals3894
Volume$397.4B

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Deal Summary

UNDER CONTRACT IMAGE: Adam Spies, Doug Harmon, Adam Doneger, Marcella Fasulo, Josh King & Avery Silverstein DATE: 03/27/2023 ADDRESS: 529 Fifth Avenue MARKET: New York ASSET TYPE: Office BUYER: Empire Capital Holdings (@EmpireCapitalHoldings) SELLER: Silverstein Properties (@SilversteinProperties) BROKERS: Adam Spies, Doug Harmon, Josh King (@JoshAdamKing), Adam Doneger (@ADoneger), Marcella Fasulo (@MMFasulo) & Avery Silverstein (@Avery.Morgan810) - Cushman & Wakfield (@CushWake) SALE PRICE: $105,000,000 SF: 262,500 ~ PPSF: $400

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529 Fifth Avenue

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