Fifth Avenue Office Condo for Sale

LISTING DETAILS FOR Fifth Avenue Office Condo for Sale

DESCRIPTION

This commercial condominium is situated in a uniquely attractive building along Fifth Avenue in the Garment District/Penn Plaza, with 18,003 square feet of raw space available for sale at $19,500,000 or $925 per square foot. The full-floor unit is delivered vacant and features windows on three sides, offering exceptional views of Midtown South. With very few support columns and a slab-to-slab height of 12’10”, the unit has tremendous internal volume and can support heavy equipment and infrastructure. The floor is metered directly by Con Edison, and HVAC is provided by a multi-compressor direct expansion variable air volume (VAV) Trane package units located on each floor, which utilizes three 800-ton HAV cooling tower cells on the building’s roof.

The pre-built full-floor spaces of other tenants in the building all contain full-length windows and exposed beamed ceilings, which combine to create a distinctive aesthetic. Aluminum framed windows, pendant and recessed lighting, and exposed duct-work are some of the common features that provide a starting place to create a unique office reflecting the brand and image of the new owner.

This Class A office condominium building on Fifth Avenue is the only one of its kind and offers flexible layouts in a vibrant environment. Located between 37th and 38th Streets, this unit is within walking distance of Grand Central Station to the east and the new Moynihan Train Hall to the west. With two major transit hubs within 1 kilometer, this location offers excellent mass-transit options, including Metro-North, NJ Rail, and the NYC Public Subway System.

This unit can be delivered turn-key ready, benefiting from a $3.5 million build-out investment. The entire 4th floor, comprising 33,058 RSF, is also available for sale at $925 per square foot.

Other features of this building include a dramatic contemporary two-story lobby attended 24/7, modern building systems, and first-class management. The prestigious owner roster includes Luxottica, Helaba Bank, Mediterranean Shipping Company, Girl Scouts of America, and The Rockefeller Foundation. The location provides 200 linear feet of frontage and a full block front of 37th and 38th Street, offering world-class urban retail.

Nearby transportation options include several subway lines, while nearby attractions include the CUNY Graduate Center, The Morgan Library & Museum, the Stavros Niarchos Foundation Library, and the New York Public Library – Stephen A. Schwarzman Building.

Special Features:

• Available commercial condo space for sale at 420 Fifth Avenue in Manhattan’s Midtown South, in the Garment District/Penn Plaza area
• The condominium spans approximately 18,003 square feet and is located on the 5th floor of the only Class A office condominium building on Fifth Avenue
• The unit offers windows on three sides and a slab-to-slab height of 12′ 10″ in total, providing ample internal volume for a range of office configurations
• The floors are load-bearing and can support up to 50 lbs per SF live load, allowing for heavy equipment and infrastructure
• The floor is metered directly by Con Edison and serviced by 4 watts of power per SF of 277/460 and 2 watts of power per SF of 120/208 volts
• HVAC in the building consists of a multi-compressor direct expansion variable air volume (VAV) Trane package units located on each floor, utilizing three 800-ton HAV cooling tower cells located on the building’s roof
• The pre-built full-floor spaces enjoyed by other tenants here; all contain full-length floor-to-ceiling windows at three sides, with exposed beamed ceilings, and aluminum framed windows, pendant and recessed lighting, and exposed duct-work
• The unit can be delivered vacant, providing a blank canvas for a new owner to build out their vision, and can also be delivered turn-key ready for those who could benefit from the cost and time savings of a pre-built space
• The building is in close proximity to Grand Central Station and the new Penn Station Terminal (Moynihan Train Hall) and offers outstanding mass-transit options via Metro-North, NJ Rail, and the NYC Public Subway System
• The building boasts a prestigious owner roster, including Luxottica, Helaba Bank, Mediterranean Shipping Company, Girl Scouts of America, and The Rockefeller Foundation
• The building features a dramatic contemporary two-story lobby, attended 24/7, modern building systems, and first-class management
• The location provides access to a range of nearby amenities, including retail, banking, and cultural institutions such as the Morgan Library & Museum and the Stavros Niarchos Foundation Library
• The building is surrounded by major transportation hubs, with subway stations for the B, D, F, M, N, Q, R, W, 4, 5, 6, and 7 trains within a few blocks’ radius.