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420 Fifth Ave
New York, NY 10018

$9,640,000 USD

Office Condo For Sale  •  11,850 SF

Property Details

  • Property Type Office
  • Total Building Size 583,801 SF
  • Lot Size 1.18 AC
  • Building Class A
  • Year Built 1991
  • Tenancy Multiple
  • Zoning C5-3
100 Transit Score
98 Walk Score

1 Unit Available

Name Condo Use Size Price Details
27th Floor - Unit 27 Office 11,850 SF $9,640,000 USD
  • Unit Size: 11,850 SF
  • Condo Use: Office
  • Price: $9,640,000 USD
  • Sale Type: Investment
  • Price/SF: $813.50 USD
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 entire 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 which designs and manufactures various accessories for well-known retailers worldwide. Their current 11-year lease is set to expire in June of 2030 and there is an additional 5-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 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.

Property Flyers

Amenities

  • Concierge
  • Fitness Center
  • Air Conditioning

Public Transportation

Commuter RailDriveWalkDistance
33 St (Path) (Hoboken-33rd Street - Port Authority Trans-Hudson (PATH), Journal Square-33rd Street - Port Authority Trans-Hudson (PATH)) 2 min 8 min 0.4 mi
Grand Central Terminal (Harlem Line - Metro-North Commuter Railroad Company (Metro-North), Hudson Line - Metro-North Commuter Railroad Company (Metro-North), New Haven Line - Metro-North Commuter Railroad Company (Metro-North)) 3 min 8 min 0.5 mi
Transit/SubwayDriveWalkDistance
5 Avenue-Bryant Park (7 - New York MTA Subway (The Subway)) 2 min 4 min 0.2 mi
Grand Central-42 St (42 St Shuttle - MTA New York City Transit) 1 min 6 min 0.3 mi
34 Street-Herald Square (B - New York MTA Subway (The Subway), D - New York MTA Subway (The Subway), F - New York MTA Subway (The Subway), M - New York MTA Subway (The Subway), N - New York MTA Subway (The Subway), Q - New York MTA Subway (The Subway), R - New York MTA Subway (The Subway)) 2 min 7 min 0.4 mi
42 Street-Bryant Park (B - New York MTA Subway (The Subway), D - New York MTA Subway (The Subway), F - New York MTA Subway (The Subway), M - New York MTA Subway (The Subway)) 1 min 7 min 0.4 mi
33 Street (4,6 Line) (4 - New York MTA Subway (The Subway), 6 - New York MTA Subway (The Subway)) 1 min 8 min 0.4 mi
AirportDriveWalkDistance
Laguardia 17 min - 8.6 mi
Newark Liberty International 20 min - 14.4 mi
John F Kennedy International 25 min - 16.7 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Jonathan Hageman 212-812-5995 JLL
Jonathan Hageman 212-812-5995 JLL