Posted Jan 28, 2025, 2:21 PM
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New Yorker for life
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Join Date: Jul 2001
Location: Borough of Jersey
Posts: 56,706
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NEW YORK | 800 5th Ave | 330 FT | FLOORS
https://www.bloomberg.com/news/articles/...ion-sale-of-nyc-building-on-fifth-avenue
Spitzer Eyes $1 Billion Sale of NYC Fifth Avenue Building
1/27/25
Story by Natalie Wong
Quote:
Spitzer and the co-owner of 800 Fifth Ave., Winter Properties, are marketing the property, which could be worth as much as $1 billion, according to people familiar with the matter. A Newmark Group Inc. team led by brokers Doug Harmon and Adam Spies are representing the owners in the sale, the people said, asking not to be named citing private information.
The current building is being used for rentals. But the site is being marketed as a major development opportunity for investors seeking to turn the property into for-sale residences. A developer would have the ability to build roughly 350,000 square feet (32,500 square meters) for residential use, the people said.
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