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505 Fifth Avenue

505 Fifth Avenue
New York, NY 10036
Office, Leasing/Rental
  • Address 505 Fifth Avenue
  • neighborhood Grand Central
  • borough Manhattan
  • owner Stawski Partners
  • owner entity FIFTH AT 42ND LLC C/O
  • floors 28
  • Year Built 2004
  • commercial units 30
  • total units 30
  • square feet 251,043
  • block and lot 1-01277-0002
  • BIN 1089501
  • Event Financing
  • Address 505 Fifth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 251,043
  • Price $ 200,000,000
  • Publication Date 08/27/2018
  • Event Date 08/20/2018
  • Party 1 Stawski Partners
  • Party 2 Landesbank
notes
The owner secured a loan of $200 million for the Grand Central property.
  • Event Office Leasing
  • Address 505 Fifth Avenue
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 10,768
notes
The private investment firm inked a 9-year sublease for the entire 25th floor.
  • Event Office Leasing
  • Address 505 Fifth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 32,000
  • Publication Date 07/01/2015
  • Event Date 05/22/2015
  • Party 1 Fifth @ 42nd
  • Party 1 Brokerage JLL
  • Party 1 Broker Paul Glickman, Diana Biasotti
  • Party 2 Norges Bank
  • Party 2 Brokerage CBRE
  • Event Office Leasing
  • Address 505 Fifth Avenue
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 10,586
notes
The tenant signed a five-year and two-months early renewal lease to occupy the entire 22nd floor.
  • Event Office Leasing
  • Address 505 Fifth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 10,856
notes
The hedge fund signed a sublease on the 21st floor. Paul Glickman, at the time with Cushman & Wakefield, represented the building owner, Kipp-Stawski, in the deal. Glickman has since moved to JLL.
  • Event Office Leasing
  • Building Name CIT Building
  • Address 505 Fifth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 32,600
  • Price per foot $ 90.00
  • Publication Date 05/01/2007
  • Event Date 03/22/2007
  • Party 1 Brokerage Cushman & Wakefield
  • Party 1 Broker Paul Glickman
  • Party 2 American Capital Strategies
  • Party 2 Brokerage CBRE
  • Party 2 Broker Douglas Dolgoff
notes
The financial services firm expanded to floors 17 through 19, to more than 77,000 square feet in total. This is the firm's third expansion in the past two years.
  • Event Office Leasing
  • Address 505 Fifth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 6,700
  • Price per foot $ 85.00
  • Publication Date 10/01/2006
  • Event Date 08/22/2006
  • Party 1 Brokerage Cushman & Wakefield
  • Party 2 Cartesian Capital
  • Party 2 Brokerage CBRE
  • Party 2 Broker John Maher
notes
Principal Peter Yu, formerly of AIG, inked a deal for his private equity firm
  • Event Office Leasing
  • Building Name CIT Building
  • Address 505 Fifth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 37,000
  • Publication Date 09/01/2005
  • Event Date 07/23/2005
  • Party 1 Kipp-Stawski Group
  • Party 1 Brokerage CBRE
  • Party 1 Broker David Sims
  • Party 2 American Capital Strategies
notes
Buyout fund to move from 461 Fifth Ave; bldg to open in first quarter of 2006
  • Event Office Leasing
  • Address 505 Fifth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 130,000
notes
Finance company moves global hq from NJ

07/01/2016
Back in 2006, the Midtown-based Stawski Partners  built the 325,000-square-foot tower at 505 Fifth Avenue (at the corner of 42nd Street)...
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