114 Fifth Avenue | TRD Research
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114 Fifth Avenue

114 Fifth Avenue
New York, NY 10011
Office, Leasing/Rental
  • Address 114 Fifth Avenue
  • neighborhood Flatiron
  • borough Manhattan
  • owner entity 114 FIFTH AVENUE ASSO
  • floors 18
  • Year Built 1910
  • commercial units 22
  • total units 22
  • square feet 300,168
  • block and lot 1-00818-0051
  • BIN 1015394
  • Event Sales
  • Address 114 Fifth Avenue
  • Neighborhood Flatiron
  • Borough Manhattan
  • Square feet 352,000
  • Price $ 220,000,000
notes
The real estate firm purchased a 49 percent stake in the leasehold
  • Event Retail Leasing
  • Address 114 Fifth Avenue
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 15,964
  • Publication Date 02/01/2015
  • Event Date 12/18/2014
  • Party 1 L&L Holding
  • Party 1 Brokerage Cushman & Wakefield, L&L Holding
  • Party 1 Broker Alan Schmerzler andBradley Mendelson, David Berkey and Andrew Wiener
  • Party 2 Lululemon
  • Party 2 Brokerage RKF
  • Party 2 Broker Jeremy Ezra, Karen Bellantoni
notes
The yoga apparel retailer signed a 10-year lease. The reported asking rent was $500 per square foot on the ground floor, $100 per square foot in the basement and $75 per square foot for the mezzanine.
  • Event Office Leasing
  • Address 114 Fifth Avenue
  • Neighborhood Flatiron
  • Borough Manhattan
  • Square feet 59,000
  • Publication Date 10/01/2014
  • Event Date 08/22/2014
  • Party 1 L&L Holding
  • Party 2 Gawker Media
notes
The media company signed a 15-year lease to occupy the second through fourth floors. The reported asking price was $78 per square foot.
  • Event Sales
  • Address 114 Fifth Avenue
  • Neighborhood Flatiron
  • Borough Manhattan
  • Square feet 341,000
  • Price $ 165,000,000
  • Price per foot $ 483.87
  • Publication Date 03/01/2013
  • Event Date 01/20/2013
  • Party 2 L&L Holding Co., Lubert-Adler
  • Party 2 Brokerage L&L Holding
  • Party 2 Broker Joshua Carson, Yong Cho, Kevin Fallon
notes
A 99-year leasehold in the building sold for $165 million, the New York Post reported. The buyers plan to upgrade and reposition the property, according to the paper.

02/01/2014
Other notable deals in Midtown South included Spotify, which signed a 52,000-square-foot expansion at RXR Realty’s 620 Avenue of the Americas, and will reportedly pay rents in the low-$60s per square foot; Mashable, which took 38,580 square feet at L&L’s 114 Fifth Avenue for rents in the mid-$70s per square foot, and Google, which added 17,658 square feet to its space at Jamestown Properties’ Chelsea Market for rents in the mid-$60s per square foot...