420 Fifth Ave - Office CONDO FOR SALE


New York, NY 10018- Bryant Park
$9,640,000 USD
212-812-5995
420 Fifth Ave, New York, NY for Sale
$9,640,000 USD
Office CONDO - FOR SALE
1/8
null | Request Cap Rate

420 Fifth Ave
New York, NY 10018
Bryant Park


HIGHLIGHTS

  • Unit #27 provides the chance to acquire the full 27th floor of a striking, Class A Midtown South office tower.
  • Spacious unit features oversized windows and 360 degree views of the Midtown skyline, providing excellent natural light and air.
  • Current tenant lease runs through 2030, with an additional 5-year option, allowing buyers to secure a stable investment with future upside.
  • This refined condo is fully built-out and renovated, with upgrades to common spaces, showrooms/conference rooms, private offices, and the kitchen.
  • New owner will have the additional potential long-term to deliver the space vacant for a potential owner/user purchase.

OVERVIEW

JLL has been retained on an exclusive basis to arrange for the sale of Unit #27, located at 420 Fifth Avenue, a 30-story commercial office condominium building situated on the west side of Fifth Avenue between West 37th and 38th Streets. Unit #27 occupies the 27th Floor and measures approximately 11,850 rentable square feet. The building features oversized windows and 360-degree views of the Midtown skyline, providing the space with excellent light and air. Currently, the unit is leased to Fantaseyes, a privately held accessories company that designs and manufactures various accessories for well-known retailers worldwide. The company's current 11-year lease is set to expire in June 2030, with an additional five-year extension option. The refined space has been fully built out and renovated, featuring common space, showrooms/conference rooms, private offices, a reception area, and a kitchen. This represents an incredible opportunity for a prospective buyer to acquire a fully built-out, full-floor office condo in one of the premier mixed-use office buildings along Fifth Avenue in Midtown. Future ownership will benefit immensely from having a strong, cash-flowing tenant in the near term with the flexibility long term to deliver the space vacant for a potential owner/user purchase.

FOR SALE DETAILS

PRICE

$9,640,000 USD

PRICE/SF

$814 USD /SF

CAP RATE

Request Cap Rate

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

583,801 SF

STORIES

30

BUILDING CLASS

A

YEAR BUILT

1991

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.18 AC

LAND SF

51,401 SF

ZONING

C5-3

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

212-812-5995

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212-812-5995

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