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    590 Fifth Avenue

    590 Fifth Avenue
    New York, NY 10036
    (212) 432-3030
    Website
    Office, Retail, Leasing/Rental

    590 Fifth Avenue is a 19-story, 100,000-square-foot office and retail building owned by Thor Equities, a privately held real estate firm founded in 1986 by Joseph Sitt, as of Feb. 20, 2015.

    Thor bought the building between West 47th and 48th streets in 2007 from the Feil Organization for $90 million. Tenants include AT&T and the NBA store.
    In July 2012, Cushman & Wakefields Equity, Debt & Structured Finance team arranged $100 million in floating rate financing for 590 Fifth Avenue.
    Thor owns several properties on Fifth Avenue, including 139, 245, 597 and 693 Fifth Ave.

    -JC

    • Year Built 1987
    • square feet 93,123
    • block and lot 1-01263-0038
    • BIN 1034485
    • Event Office Leasing
    • Address 590 Fifth Avenue
    • Neighborhood Midtown West
    • Borough Manhattan
    • Square feet 13,370
    • Publication Date 09/01/2016
    • Event Date 07/15/2016
    • Party 1 Thor Equities
    • Party 1 Brokerage Newmark Grubb Knight Frank
    • Party 1 Broker Eric Cagner
    • Party 2 Columbia University Medical Center
    • Party 2 Brokerage Cushman & Wakefield
    • Party 2 Broker Robert Eisenberg, Mark Weiss
    notes
    The medical center signed a lease.
    • Event Office Leasing
    • Address 590 Fifth Avenue
    • Neighborhood Midtown
    • Borough Manhattan
    • Square feet 5,063
    • Price per foot $ 70.00
    notes
    The high-end menswear company signed a lease.
    • Event Retail Leasing
    • Address 590 Fifth Avenue
    • Neighborhood Midtown
    • Borough Manhattan
    • Square feet 5,063
    notes
    The luxury menswear brand leased the entire 14th floor of the building.
    • Event Office Leasing
    • Address 590 Fifth Avenue
    • Neighborhood Plaza District
    • Borough Manhattan
    • Square feet 5,063
    • Publication Date 04/01/2013
    • Event Date 02/20/2013
    • Party 1 Thor Fifth Ave, 588-590 Fifth Ave
    • Party 1 Brokerage Newmark Grubb Knight Frank
    • Party 1 Broker Eric Cagner
    • Party 2 Andiamond
    • Party 2 Brokerage A.C. Lawrence
    • Party 2 Broker Lily Lin
    notes
    The diamond company signed a 10-year, six-month lease on the 11th floor.
    • Event Retail Leasing
    • Address 590 Fifth Avenue
    • Neighborhood Plaza District
    • Borough Manhattan
    • Square feet 6,000
    • Publication Date 10/01/2011
    • Event Date 08/22/2011
    • Party 1 Thor Equities
    • Party 2 National Basketball Association
    notes
    The NBA signed a lease for a temporary store.
    • Event Retail Leasing
    • Address 590 Fifth Avenue
    • Neighborhood Plaza District
    • Borough Manhattan
    • Square feet 2,000
    • Publication Date 06/01/2010
    • Event Date 04/22/2010
    • Party 1 Thor Equities
    • Party 1 Brokerage In-house
    • Party 2 Skechers USA
    notes
    The shoe retailer inked a lease for a new Manhattan store. The reported asking rent was $500 per square foot.
    • Event Retail Leasing
    • Address 590 Fifth Avenue
    • Neighborhood Plaza District
    • Borough Manhattan
    • Square feet 2,773
    notes
    The mobile telecommunications retailer inked a 10-year lease.
    • Event Retail Leasing
    • Address 590 Fifth Avenue
    • Neighborhood Plaza District
    • Borough Manhattan
    • Square feet 3,900
    • Publication Date 09/01/2005
    • Event Date 07/23/2005
    • Party 1 Feil Organization
    • Party 1 Brokerage in-house
    • Party 1 Broker Randall Briskin
    • Party 2 Genesco
    • Party 2 Brokerage GVA Williams Real Estate
    • Party 2 Broker Patrick Breslin, C. Hawes
    notes
    Journeys and LIDS will split retail space
    • Event Office Leasing
    • Address 590 Fifth Avenue
    • Neighborhood Plaza District
    • Borough Manhattan
    • Square feet 25,000
    • Publication Date 07/01/2005
    • Event Date 05/22/2005
    • Party 1 Edward J. Minskoff Equities
    • Party 1 Brokerage in-house
    • Party 1 Broker Jeff Sussman
    • Party 2 Russell Investment Group
    • Party 2 Brokerage USI Real Estate Brokerage Services
    • Party 2 Broker Robert Emden
    notes
    Firm expands to full floor.
    • Event Sales
    • Address 590 Fifth Avenue
    • Neighborhood Plaza District
    • Borough Manhattan
    • Square feet 100,000
    • Price $ 54,000,000
    • Price per foot $ 540.00

    04/01/2013
    Smaller companies, however, do seem interested in the Plaza area. For example, in February, the fine-diamond company Andiamond leased 5,063 square feet at 590 Fifth Avenue, CoStar showed...
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