420 Fifth Avenue Office Condos Floors 14-17, New York, NY 10018

Midtown West, New York, New York 10018

Listing ID Number

25464

Property Description

Cushman & Wakefield has been exclusively retained to sell the condominium ownership interest in floors fourteen (14) through seventeen (17) at 420 Fifth Avenue. The Class A office condominium is located on Fifth Avenue between West 37th and West 38th Streets within one of the most highly desired submarkets in Manhattan, just south of Bryant Park. The four contiguous floors contain approximately 72,012 rentable square feet of office space, consisting of 18,003 rentable square feet each, and will be delivered vacant. The floors may be sold together, individually or even subdivided up to three units per floor.

UNIT FEATURES

• Delivered Vacant and broom clean condition
• Virtually column free floor plates (3 columns per floor)
• Full-floor presence. All floors clear immediate surrounding buildings. Views are protected due to landmark status and zoning limitations of adjacent properties.
• 13’ Ceilings slab-to-slab
• Full height windows on all four sides - Excellent light and views
• Flexible open layouts perfect for a wide range of owner occupiers/tenants, including legal, consulting, Not-For-Profits, TAMI (technology, advertising, media and information) and FIRE (financial services, insurance and real estate)

BUILDING HIGHLIGHTS

• World class location on the upper floors (14-17) of a mid-town Manhattan high-rise Class A office building on Fifth Avenue
• High security, 3-story clear atrium lobby, and large plaza entry
• Close proximity to Grand Central Terminal, Penn Station, The Port Authority Bus Terminal, PATH trains and twelve subway lines
• Two blocks from Bryant Park, Herald Square, The New York Public Library, Macy’s, the Empire State Building and Lord & Taylor’s Flagship retail store which was just sold to WeWork to become their Headquarters.

ASKING PRICES

14th Floor - 18,003 RSF Asking Price: $21,250,000
15th Floor - 18,003 RSF Asking Price: $21,500,000
16th Floor - 18,003 RSF Asking Price: $21,750,000
17th Floor - 18,003 RSF Asking Price: $22,000,000

Package Total - 72,012 RSF Asking Price: $86,500,000

Overview

Building Type:Commercial Condo/Co-op
Location:The entire westerly block front of Fifth Avenue between West 37th and West 38th Streets
Unit Sq Ft:72,012
(Approx.)

Documents

Contact

For further information or inspection, please contact Exclusive Agents:

John F. Ciraulo
Vice Chairman
(212) 660 7700
john.ciraulo@cushwake.com

Craig Waggner
Director
(212) 660 7744
craig.waggner@cushwake.com

Douglas Blankrot
Senior Associate
(212) 589 5157
douglas.blankrot@cushwake.com


Property Images

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Property Map


Aerial View


The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.