445 Fifth Avenue | The Real Deal New York

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445 Fifth Avenue

445 Fifth Avenue
New York, NY 10016
(212) 529-7417
Website
Office, Retail, Conversion
445 Fifth Avenue
445 Fifth Avenue, known as Fifth Avenue Tower, is a 33-story, 209,000-square-foot mixed-use tower. The property was built in 1986 and has 174 apartment units. Emery Roth & Sons was the architect. Thor Equities, a privately held real estate firm founded in 1986 by Joseph Sitt, acquired three retail condo units totaling 17,000 square feet at the property, at 39th Street, for $32.5 million in December 2011. Wachtel Missry LLP represented Thor Equities in the acquisition of the three retail condo units, with acquisition financing provided by NXT Capital. In October of 2015, Thor sold the building to Harbor Group International. -JC
  • Address 445 Fifth Avenue
  • neighborhood Garment District
  • borough Manhattan
  • owner/developer Harbor Group International
  • sales/marketing Thor Equities, Michael Worthman
  • floors 33
  • Year Built 1986
  • residential units 0
  • square feet 217,421
Slone Thor
10/21/15
Harbor Group International scooped up a retail condo at 445 Fifth Avenue for $68 million from Thor Equities. The 20,000-square-foot space, located between 39th and...
From left: 445 Fifth Avenue and NYPL President Anthony Marx
10/27/14
The New York Public Library is expanding close to its main branch, purchasing a handful of commercial condos across the street from its Fifth Avenue...
374 Washington Avenue in Clinton Hill
10/10/13
374 Washington Avenue in Clinton Hill Fashion retailer Charming Charlie nabs first Manhattan location at Joe Sitt's 445 Fifth Avenue. Whole Foods comes to Newark....
Joe Siit
01/10/13
Thor Equities won a temporary restraining order against Fifth Avenue Tower. The order, issued late Wednesday, blocks the condominium board at the 33-story apartment building...
Science, Industry and Business Library at 188 Madison Avenue
06/22/12
The New York Public Library has sold five floors of a Madison Avenue building for $60.8 million, according to the New York Post. The third...
sitt-fb.gif
12/05/11
Joseph Sitt, CEO of Thor Equities, and 516 Fifth AvenueJoseph Sitt’s Thor Equities has agreed to acquire three connected buildings at 516-520 Fifth Avenue and...
  • Event Sales
  • Building Name Park Slope Plaza
  • Address 445 Fifth Avenue
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 37,159
  • Price $ 13,800,000
  • Publication Date 08/01/2005
  • Event Date 06/22/2005
  • Party 1 Brokerage Marcus & Millichap
  • Party 1 Broker Steven Regenstreif
  • Party 2 1031 Exchange
notes
Sold for $13.8 million.
  • Event Sales
  • Address 445 Fifth Avenue
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 18,000
  • Price $ 32,500,000
  • Publication Date 02/01/2012
  • Event Date 12/23/2011
  • Party 1 BFE
  • Party 2 Thor Equities
notes
The retail condo sold for $32.5 million. BFE acquired the property in 1993 for $4 million.
  • Event Retail Leasing
  • Address 445 Fifth Avenue
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 15,500
  • Publication Date 11/01/2013
  • Event Date 09/22/2013
  • Party 1 Thor Equities
  • Party 1 Brokerage In-house
  • Party 2 Charming Charlie
  • Party 2 Brokerage RKF
  • Party 2 Broker Jeremy Ezra, Greg Covey, Jonathan Lapat
notes
The fashion accessories retailer signed a lease for its first Manhattan store.

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