The Real Deal New York

NYU buys Forbes’ 60 Fifth Avenue for $65M, $10M more than was speculated

January 15, 2010 04:29PM

New York University bought the Forbes building at 60 Fifth Avenue at 12th Street for $65 million, city property records published today show, or $530 per square foot.

Press reports published before the contract was signed said the building was close to a deal for $55 million.

Forbes announced the sale Jan. 7, but did not provide the price.

The sale by the publishing company went into contract Dec. 17 and closed Jan. 7, the records show.

The price is 53 percent off the listing price when the 122,500-square-foot building initially hit the market in 2007. TRD

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