509 Fifth Avenue|Sales|09/22/2012 | TRD Research
Deal sheet    Single Deal
509 Fifth Avenue|Sales|09/22/2012
  • Event Sales
  • Address 509 Fifth Avenue
  • Square feet 60,000
  • Price $ 39,750,000
  • Price per foot $ 662.50
  • Borough Manhattan
  • Neighborhood Grand Central
  • Publication Date 11/01/2012
notes
The property sold for $39.75 million, the New York Post reported. The buyers acquired the building as a tenants-in-common entity, a form of joint ownership of property. The group plans to redevelop the building into a Class A office and retail property after current tenant Israeli Discount Bank's lease for the upper nine floors runs out at the end of the year, according to the paper.