Fifth Avenue Tower | The Real Deal New York

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Fifth Avenue Tower

445 Fifth Avenue
New York, NY 10016
(212) 529-7417
Website
Retail, Residential, Sales, Leasing/Rental, Condo (Building)

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 retail condo units to Harbor Group International.

  • Address 445 Fifth Avenue
  • neighborhood Garment District
  • borough Manhattan
  • owner Harbor Group International
  • developer Arthur G. Cohen, Goodstein Construction
  • owner entity FIFTH AVE CONDO - B.H
  • sales/marketing Thor Equities, Michael Worthman
  • LIST/LAUNCH SALES 09/26/1985
  • Year Built 1986
  • ag file plans 03/01/1985
  • AG FILE Link
  • residential units 174
  • commercial units 11
  • total units 185
  • square feet 217,421
  • block and lot 1-00869-7501
  • BIN 1017603
Condominium Units+

04/10/17
...abatement for the unit he purchased at the Fifth Avenue tower for $3.6 million in cash in 2006, which saved $5,502 off his $31,439 tax bill. In order to...

04/05/17
...PBC is looking to hold on to the Fifth Avenue tower long term and is seeking only to grow its business in North America. "This...

02/13/17
...to a meeting with Trump at his namesake Fifth Avenue tower in January, the paper claims, but the politician had to decline the invitation due...

11/28/16
...Trump’s biggest office tenant at his namesake Fifth Avenue tower could become one of his biggest headaches. The state-owned Industrial & Commercial Bank of...

11/11/16
It’s a hard-knock life for the residents of Trump Tower right now, and some are considering jumping ship....

06/24/16
...candidate is inappropriately using the lobby of his Fifth Avenue tower for political use. The latest issue surrounds a 22-foot bench that is supposed be...

10/16/13
...Sutton The Blackstone Group has put a 26-story Fifth Avenue tower on the market. The plan to sell 717 Fifth Avenue had been in the works...

06/05/13
...whose name adorns the top of the 41-story Fifth Avenue tower, has 300,000 square feet available through mid-2014. Vornado Realty Trust and Kushner Companies co-own the...

01/10/13
...Joe Siit and Fifth Avenue Tower (Building image c/o CityRealty) Thor Equities won a temporary restraining order against Fifth...

10/24/12
...a larger deal for three units at the Fifth Avenue tower; the units can be combined to form a large, six-bedroom penthouse. The sales price...

10/08/12
...Avenue last year after sales flagged at the 400 Fifth Avenue tower, it was previously reported. The Setai Group previously filed suit against the developer in...

02/17/12
...price chops of up to 24 percent at the Fifth Avenue tower, for lower-floor units...


05/09/11
...team, hoping to raise flagging sales at the 400 Fifth Avenue tower, which includes a 214-room hotel and a 184-unit condo. Sales previously had been managed...

03/12/08
...is expected to complicate Macklowe's sale of the Fifth Avenue tower. Solow filed suit on March 4 in state Supreme Court alleging that the deed Harry...

03/12/08
...filed state suit contesting Macklowe's ownership of the Fifth Avenue tower. Developer Larry Silverstein had reportedly dropped out of the running because of Solow's suit...

02/28/08
...Manhattan office buildings last year. Macklowe bought the 767 Fifth Avenue tower in 2003 for $1.4 billion, then a record sale for a U.S. office building. When...

02/20/08
...General Motors Building. Bids for Harry Macklowe's prized Fifth Avenue tower were due Friday. A $3 billion sale would easily surpass the record price paid for...
  • Event Sales
  • Address 445 Fifth Avenue
  • Neighborhood Midtown South
  • Borough Manhattan
  • Square feet 20,000
  • Price $ 68,000,000
  • Price per foot $ 3,400.00
  • Publication Date 12/01/2015
  • Event Date 10/22/2015
  • Party 1 Harbor Group International
  • Party 1 Brokerage JLL
  • Party 1 Broker Richard Baxter
  • Party 2 Thor Equities
notes
The building sold for $68 million.
  • Event Retail Leasing
  • Address 445 Fifth Avenue
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 1,400
notes
The tenant signed a 15-year lease.
  • Event Sales
  • Address 445 Fifth Avenue
  • Neighborhood Midtown
  • Borough Manhattan
  • Price $ 34,500,000
  • Publication Date 12/01/2014
  • Event Date 10/17/2014
  • Party 1 Church Pension Group
  • Party 2 New York Public Library
  • 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.
  • Event Sales
  • Address 445 Fifth Avenue
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 18,000
  • Price $ 32,500,000
  • Price per foot $ 1,805.56
  • 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 Sales
  • Building Name Park Slope Plaza
  • Address 445 Fifth Avenue
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 37,159
  • Price $ 13,800,000
  • Price per foot $ 371.38
  • 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.

...General Motors Building, which rakes in $34.4 million. The Fifth Avenue tower, which is owned by Boston Properties, includes the iconic glass-cubed Apple store with 22,500 square...
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