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608 Fifth Avenue

608 Fifth Avenue
New York, NY 10020
(212) 894-7000
Website
Office, Retail, Conversion, Leasing/Rental, Other

The 11-story Swiss Center, an Art Deco building dating from 1931, stands at the corner of 49th Street and Fifth Avenue. Its 44,000 square feet of retail space, spread over four floors, were rented to British retailer Topshop for an estimated $15 million a month in New Yorks second-most-expensive retail lease signed in 2014. (Microsofts $17 million deal at 677 Fifth Avenue took the top spot.)

Vornado Realty Trust took over RFR Holdings mortgage on the retail space in 2013, making an $8.5 million payment that RFR owed to a lender. Vornado also signed a ground lease for the building with the land owner, the estate of the late Sarah Korein, in December 2012. Vornados lease runs through 2026, the New York Post reported at the time.

-NE

  • Year Built 1932
  • square feet 43,139
  • const. status Building Complete
  • block and lot 1-01264-0040
  • BIN 1034508
  • Event Office Leasing
  • Address 608 Fifth Avenue
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 3,513
  • Price per foot $ 68.00
notes
The company signed a lease.
  • Event Office Leasing
  • Address 608 Fifth Avenue
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 1,671
  • Event Office Leasing
  • Address 608 Fifth Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 1,801
  • Publication Date 10/01/2011
  • Event Date 08/22/2011
  • Party 1 RFR Holding
  • Party 2 Michael Khordipour
  • Party 2 Brokerage Norman Bobrow & Company
  • Party 2 Broker Avi Ben-Ishay
notes
The jewelry company signed a lease for part of the fifth floor.
  • Event Retail Leasing
  • Address 608 Fifth Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 1,029
  • Publication Date 03/01/2011
  • Event Date 01/20/2011
  • Party 1 RFR Holding
  • Party 2 Lacoste
notes
The apparel retailer signed an expansion lease, adding to its existing 8,926-square-foot space, and executed a new build-out for its flagship store.
  • Event Retail Leasing
  • Address 608 Fifth Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 4,000
notes
The Japan-based jeweler specializing in wedding, engagement and private jewelry inked a deal for a two-level US flagship location. The new boutique is scheduled to open this holiday season. The jeweler also operates a store at 464 Broome Street.

12/01/2015
The leases signed by both Victoria’s Secret and Swatch represent a significant premium over last year’s most expensive Manhattan retail lease, Microsoft’s deal for a 22,270-square-foot flagship store on Fifth Avenue and 53rd Street that was valued at $17 million. In fact, only two leases in 2014 surpassed the $10 million marker: Microsoft’s deal and Top Shop’s lease at 608 Fifth Avenue, which had an estimated annual rent of $15 million...

12/01/2014
The company focused on expanding its holdings along Fifth Avenue, where it was already a major landlord. To start, it paid $707 million in December 2012 for the retail at 666 Fifth Avenue, and later laid out another $1 billion for the St. Regis, 655 Fifth Avenue and 608 Fifth Avenue...
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