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Compass Represents Buyer In $101M Mixed-Use Sale On Fifth Avenue

576 Fifth Avenue
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This Mixed-use property located in NY was sold for $101,000,000 over 3 years ago. The brokers of the deal were Christian Kane, Paul Massey, Daniel Chun, Daniel O Mahony, Dylan Kane, Zach Redding, and Adelaide Polsinelli

Severn Realty Partners has completed the sale of a mixed-use property located at 576 Fifth Avenue in Midtown. The transaction took place on July 12, 2021, with a sale price of $101,000,000. The property spans an area of 57,352 square feet, resulting in a price per square foot of $1,761.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $101,000,000
  • Address: 576 Fifth Avenue
  • Market: Midtown

The buyer's representatives in this transaction were Daniel Chun and Adelaide Polsinelli from Compass, while Paul Massey, Zach Redding, Dylan Kane, Daniel O'Mahony, and Christian Kane from B6 Real Estate represented the seller, Severn Realty Partners. The involvement of these key individuals and companies reflects their roles in facilitating the deal.

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Deals
  • Location
    576 5th Avenue, New York, NY 10036576 5th Avenue, New York, NY 10036
  • Sale Price
    $101,000,000$101,000,000
    $1,761 PPSF$1,761 PPSF
  • Area
    57,352 SF57,352 SF
  • Asset Type
    Mixed-useMixed-use
  • Parties
    7 Brokers, 3 Agencies7 Brokers, 3 Agencies

Agents

Paul Massey

Paul Massey

Deals4
Sold$136.1M

Daniel Chun

Daniel Chun

Deals1
Sold$101M

Adelaide Polsinelli

Adelaide Polsinelli

Deals14
Financed$224.5M

Agencies

B6 Real Estate Advisors

B6 Real Estate Advisors

Agency
Deals208
Volume$2.3B

Compass

Compass

Agency
Deals2902
Volume$20.9B

Colliers International

Colliers International

Agency
Deals1674
Volume$36.2B

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Deal Summary

SALE IMAGE: Christian Kane, Daniel O’Mahony, Zach Redding, Dylan Kane, Paul Massey, Daniel Chun & Adelaide Polsinelli DATE: 07/12/2021 ADDRESS: 576 Fifth Avenue MARKET: Midtown ASSET TYPE: Mixed-use SELLER: Severn Realty Partners BUYER’S REP: Daniel Chun & Adelaide Polsinelli @Compass SELLER’S REP: Paul Massey, Zach Redding, Dylan Kane, Daniel O'Mahony & Christian Kane @B6RealEstate SALE PRICE: $101,000,000 SF: 57,352 ~ PPSF: $1,761 🔥

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576 Fifth Avenue

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