SOLD
Aurora Capital Associates & Edmond M. Safra Acquire Retail Condo On 530 Fifth Avenue For $192M
530 Fifth Avenue
60,000 SF
Sold 1 year ago
Summary
Sale
NEW YORK
60,000 sqft
A retail condo located at 530 Fifth Avenue in Midtown Manhattan has been sold for $192,000,000. The property spans 60,000 square feet, resulting in a price per square foot of $3,200. The previous sale of the property occurred in 2014 for $295,000,000.
Summary of transation details
- Property Type: Retail Condo
- Transaction Amount: $192,000,000
The buyer of the retail condo at 530 Fifth Avenue is Aurora Capital Associates and Edmond M. Safra. The seller is Brookfield Property Partners. The deal was facilitated by a team of brokers consisting of Adam Spies, Kevin Donner, Marcella Fasulo, Doug Harmon, Adam Doneger, Josh King, and Ben Lushing from Cushman & Wakefield.
The retail condo is currently occupied by Duane Reade, Chase, UGG, and FiveBelow.
Players
All
8
Agents
7
Agencies
1
Details
SOLD
IMAGE: Adam Spies, Kevin Donner, Adam Doneger, Ben Lushing , Bruce Flatt, Josh King, Bobby Cayre, Marcella Fasulo, Brian Kingston, Doug Harmon & Jared Epstein
DATE: 09/07/2021
ADDRESS: 530 Fifth Avenue
MARKET: Midtown Manhattan
ASSET TYPE: Retail Condo
BUYER: Aurora Capital Associates & Edmond M. Safra
SELLER: Brookfield Property Partners
BROKERS: Adam Spies, Kevin Donner, Marcella Fasulo, Doug Harmon, Adam Doneger, Josh King & Ben Lushing - Cushman & Wakefield
TENANTS: Duane Reade, @Chase, @UGG and @FiveBelow.
SALE PRICE: $192,000,000
SF: 60,000 ~ PPSF: $3,200
LAST SALE: $295,000,000 (2014)View on map
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Address530 Fifth Avenue
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