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420 Fifth Ave 11,850 sq ft Office Unit Offered at £7,211,009 in New York, NY 10018
INVESTMENT HIGHLIGHTS
- Unit #27 provides the chance to acquire the full 27th floor of a striking, Class A Midtown South office tower.
- Current tenant lease runs through 2030, with an additional 5-year option, allowing buyers to secure a stable investment with future upside.
- New owner will have the additional potential long-term to deliver the space vacant for a potential owner/user purchase.
- Spacious unit features oversized windows and 360 degree views of the Midtown skyline, providing excellent natural light and air.
- This refined condo is fully built-out and renovated, with upgrades to common spaces, showrooms/conference rooms, private offices, and the kitchen.
PROPERTY FACTS
| Total Property Size | 583,801 sq ft | Typical Floor Size | 14,956 sq ft |
| Property Type | Office (Unit) | Year Built | 1991 |
| Costar Property Class | A | Total Plot Size | 1.18 ac |
| Floors | 30 | ||
| Use Class | C5-3 - Central commercial district with continuous retail frontage intended for offices and retail establishments that serve the entire metropolitan region | ||
| Total Property Size | 583,801 sq ft |
| Property Type | Office (Unit) |
| Costar Property Class | A |
| Floors | 30 |
| Typical Floor Size | 14,956 sq ft |
| Year Built | 1991 |
| Total Plot Size | 1.18 ac |
| Use Class | C5-3 - Central commercial district with continuous retail frontage intended for offices and retail establishments that serve the entire metropolitan region |
AMENITIES
- Bus Route
- Concierge
- Fitness Centre
- Security System
- Basement
- Air Conditioning
1 UNIT AVAILABLE
Unit 27
| Unit Size | 11,850 sq ft | Unit Use | Office |
| Price | £7,211,009 | Sale Type | Investment |
| Price Per sq ft | £608.52 |
| Unit Size | 11,850 sq ft |
| Price | £7,211,009 |
| Price Per sq ft | £608.52 |
| Unit Use | Office |
| Sale Type | Investment |
SALE NOTES
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.
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420 Fifth Ave
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