SOLD
Innovo Property Group Acquires Office Building On 452 5th Avenue, Midtown For $855M
452 5th Avenue
Office
865,000 SF
865,000 SF
Sold 1 year ago
Summary
Sale
NEW YORK
Office
865,000 sqft
The sale of an office asset in Midtown, located at 452 5th Avenue, has been completed. The transaction took place on 12/05/2021. The property, spanning an area of 865,000 square feet, was sold for a total price of $855,000,000, translating to a price per square foot of $988.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $855,000,000
- Square Footage: 865,000
- Address: 452 5th Avenue
- Market: Midtown
The buyer of the property was Innovo Property Group, while the seller was Property & Building Corp. Ltd. The deal was facilitated by the brokers Gary Phillips, Steve Binswanger, Will Silverman, Drew Isaacson, Eli Elefant, Andrew Chung, and Graham Stephens from Eastdil Secured.
NOTE: No additional information is available regarding financing or any other specific details of the transaction.Players
All
7
Agents
5
Agencies
2
Details
SOLD
IMAGE: Gary Phillips, Steve Binswanger, Andrew Chung, Graham Stephens, Eli Elefant, Drew Isaacson, & Will Silverman
DATE: 12/05/2021
ADDRESS: 452 5th Avenue
MARKET: Midtown
ASSET TYPE: Office
BUYER: Innovo Property Group
SELLER: Property & Building Corp. Ltd. 🇮🇱
BROKERS: Gary Phillips, Steve Binswanger, Will Silverman, Drew Isaacson, Eli Elefant, Andrew Chung & Graham Stephens - Eastdil Secured (@EastdilSecured)
SALE PRICE: $855,000,000
SF: 865,000 ~ PPSF: $988View on map
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Address452 5th Avenue
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