Aby Rosen’s RFR lists 980 Madison

New York /
Feb.February 28, 2013 06:00 PM

RFR Realty has listed its block-long commercial property at 980 Madison Avenue, Crain’s reported. The sale could possibly fetch $100 million or greater, due to high amounts paid for spaces along busy city strips, brokers told Crain’s.

The 100,000-square-foot building runs between East 76th and East 77th streets and includes both office and retail space. The building is home to the Gagosian Gallery.

RFR’s Aby Rosen previously had ambitious plans for the building, namely for a plan to erect a glass tower from the existing property for housing, which locals opposed.

As previously reported, it seemed that RFR was running low on cash and that the building would go into default. However, sources told Crain’s that Rosen has since sorted out these problems.

Darcy Stacom and William Shanahan of CBRE Group are on board to handle the marketing. [Crain’s]Zachary Kussin


Related Articles

arrow_forward_ios
Aby Rosen and the Gramercy Hotel (Getty, Google Maps)
Solil Management sues to end RFR’s Gramercy Park Hotel lease
Solil Management sues to end RFR’s Gramercy Park Hotel lease
From left: 2201 Collins Avenue in Miami Beach, Joseph Nakash, Aby Rosen, Ralph Nakash, and David Edelstein (Photos via Marriott; Getty)
Nakash family sells W South Beach units to RFR, Tricap
Nakash family sells W South Beach units to RFR, Tricap
The Gramercy Park Hotel at  2 Lexington Avenue and Aby Rosen of RFR Holding (Getty; Google Maps)
Aby Rosen’s Gramercy Park Hotel faces eviction
Aby Rosen’s Gramercy Park Hotel faces eviction
RFR Holding's Aby Rosen with the Seagram Building and the Chrysler Building (Photos via Getty; iStock)
Aby Rosen says firms have been too “nice-nice” with employees
Aby Rosen says firms have been too “nice-nice” with employees
From left: 410 Tenth Avenue, 745 Fifth Avenue, One Manhattan West and 522 Fifth Avenue (Google Maps, Wikimedia)
Real estate lending bounces back in September in a big way
Real estate lending bounces back in September in a big way
522 Fifth Avenue and 1375 Broadway (Google Maps)
Manhattan CRE deals hit lows not seen since 2009
Manhattan CRE deals hit lows not seen since 2009
From left: Michael Fuchs, Aby Rosen, Brandon Singer and Michael Cody (Getty, iStock)
Aby Rosen, Michael Fuchs back new retail brokerage
Aby Rosen, Michael Fuchs back new retail brokerage
RFR Realty's Aby Rosen and 522 Fifth Avenue (Getty; Google Maps)
Aby Rosen buys Midtown office building for $350M
Aby Rosen buys Midtown office building for $350M
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...