The Real Deal New York

Barclays hopes to sell 475 Fifth

July 30, 2009 09:39AM

Barclays Capital is hoping to sell 475 Fifth Avenue, which it took back from developers Westbrook Partners and Joseph Moinian earlier this year. Moinian and Westbrook closed on the building for $160 million in 2007. Barclays is now asking $105 million for the property, sources told the New York Observer. That’s about $381 per square foot for the 275,284-square-foot property, which is largely empty, the sources said.

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