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advanced search 666 Fifth Avenue
New York, NY 10103
(212) 894-7413
Website
Office, Retail, Leasing/Rental
BBL: 1012687502
The 1.5 million-square-foot office and retail development at 666 Fifth Avenue has been the subject of a number of record-setting deals. Kushner Companies bought the property for $1.8 billion in 2007, at the time the most ever paid for a single office building in the U.S.
After the 2008 global financial crisis struck, in early 2010 Kushner's $1.215 billion loan was sent to special loan servicer LNR, in which Vornado Realty Trust would later take a stake. Kushner split the retail space into two condominiums, selling the smaller, 36,473-square-foot space to Inditex, parent company of fashion brand Zara, for $324 million or $8,300 per square foot on a blended basis, the highest price ever paid for commercial property larger than 10,000 square feet in New York City. Vornado bought a controlling 49.5 percent interest in the office condominium for $80 million in December 2011, and took the remaining 40,742-square-foot retail condo for $707 million in July 2012.
The 39-story 1957 building, designed by Carson & Lundin, stretches from 52nd Street to 53rd Street and includes landmarked lobby artwork: Isamu Noguchi's "Ceiling and Waterfall" installation.
- Address 666 Fifth Avenue
- neighborhood Plaza District
- borough Manhattan
- owner Kushner Companies, Vornado Realty Trust
- sales/marketing Vornado Realty Trust, Josh Glick, Jared Solomon
- Year Built 1958
- square feet 1,329,229
- block and lot 1-01268-7502
- BIN 1034520
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07/20/17
...to Kushner Company's struggling trophy office tower at 666 Fifth Avenue. Jared's firm has long sought investors for a multi-billion dollar overhaul of the building...
07/17/17
...Trump’s son-in-law, Jared Kushner, faced foreclosure on 666 Fifth Avenue, Barrack’s Colony, which was one of the debt holders on the property, stepped...
07/17/17
...and net operating income at Kushner Companies’ troubled 666 Fifth Avenue was reported in April to be $41.3 million in 2016, though the building lost $14.5 million after...
07/13/17
...tower whose financials were recently publicized: Kushner Companies’ 666 Fifth Avenue. Bloomberg reported in April that 1.5-million-square-foot tower, which was 80 percent leased at the end...
07/11/17
...From left: 666 Fifth Avenue, WeWork's Adam Neumann (credit: Getty Images) and the GM Building
WeWork is now worth...
07/11/17
...also owns a 49.5 percent stake in Kushner Companies' 666 Fifth Avenue. Silverstein has described Trump as a friend.
The project has also dragged on for...
07/10/17
...From left: Jared Kushner, rendering of 666 Fifth Avenue and Sheikh Hamad bin Jassim al-Thani (Credit: Getty Images and Zaha Hadid)
Kushner Companies...
07/06/17
...reportedly in talks to invest in Kushner Companies’ 666 Fifth Avenue before pulling out earlier this year, appears to be a particular target for regulators...
06/20/17
...his position at Kushner Companies and divested from 666 Fifth Avenue, he remains invested in nearly 90 percent of his pre-White House real estate holdings, 124 properties...
06/16/17
...From left: Jared Kushner, 666 Fifth Avenue and Robert Mueller (Credit: Getty Images)
Robert Mueller, the special counsel appointed to investigate...
06/15/17
...backed out of negotiations to redevelop Kushner Companies' 666 Fifth Avenue after questions about potential conflicts of interest were raised. It also dropped a $13 billion-plus...
06/14/17
...pulled out of negotiations to redevelop Kushner Companies' 666 Fifth Avenue — turned over his duties for "personal reasons" amid new claims that he has been...
06/05/17
...that includes a plan to recapitalize the troubled 666 Fifth Avenue.
Jared is reportedly under investigation regarding his connections to a Russian banker who is...
06/02/17
...was connected to Kushner Companies' financial troubles at 666 Fifth Avenue .
Officials told ABC News that they are investigating to see if the troubled asset...
06/02/17
...as an opportunity to invest in Kushner Companies' 666 Fifth Avenue.
Overall, Chinese overseas investment has dropped sharply to $49.5 billion so far this year, about...
05/22/17
...Although Kushner reportedly divested from marquee properties like 666 Fifth Avenue and the upcoming tower at Jersey City's One Journal Square, he's so far elected...
05/18/17
...that Zaha Hadid’s recently revealed designs for 666 Fifth Avenue may never be built is, of course, an understatement, lending an air of reality...
05/12/17
...Meyer, Charlie Kushner, rendering of Dumbo Heights and 666 Fifth Avenue
When President Trump made his son-in-law Jared Kushner a top White House aide, he...
05/11/17
...was in talks with Kushner Companies to redevelop 666 Fifth Avenue, the parties were said to be seeking a loan of north of $4 billion. That...
05/05/17
...to discuss the possible acquisition of Kushner Companies' 666 Fifth Avenue. Talks broke down in March.
Earlier this month, social media erupted with rumors that...
05/01/17
...through, the Starwood Hotels portfolio and Kushner Companies’ 666 Fifth Avenue. (Don’t get me started on the latter.) And it’s facing a fair...
05/01/17
...what Zaha Hadid’s plans for Kushner Companies’ 666 Fifth Avenue would mean for Midtown, if it were actually built.
Finally in our Closing interview...
04/27/17
...From left: 666 Fifth Avenue, 1221 Sixth Avenue, 245 Park Avenue and Ludwig Chang
Should Chinese institutional investors eyeing trophy New...
04/26/17
...in advanced talks to invest in Kushner Companies' 666 Fifth Avenue but pulled out of the deal.
Editor's note: This story was updated to include...
04/17/17
...sale of his stake in his property at 666 Fifth Avenue to a family-operated trust. Critics have said he's not done enough to sufficiently remove...
- Event Office Leasing
- Address 666 Fifth Avenue
- Neighborhood Grand Central
- Borough Manhattan
- Square feet 11,330
- Publication Date 01/01/2016
- Event Date 11/17/2015
- Party 1 Vornado Realty Trust
- Party 1 Brokerage Vornado Realty Trust
- Party 1 Broker Joshua Glick, Jared Solomon
- Party 2 Atlantic Investment Management
- Party 2 Brokerage CBRE
- Party 2 Broker David Hollander, Sam Seiler
notes
The firm signed a lease.
- Event Office Leasing
- Address 666 Fifth Avenue
- Neighborhood Grand Central
- Borough Manhattan
- Square feet 13,422
- Publication Date 01/01/2016
- Event Date 11/17/2015
- Party 1 Vornado Realty Trust
- Party 1 Brokerage Vornado Realty Trust
- Party 1 Broker Joshua Glick, Jared Solomon
- Party 2 Amici Capital Management
- Party 2 Brokerage CBRE
- Party 2 Broker David Hollander, Sam Seiler
notes
The investment advisement firm signed a lease.
- Event Office Leasing
- Address 666 Fifth Avenue
- Neighborhood Plaza District
- Borough Manhattan
- Square feet 48,000
- Publication Date 08/01/2012
- Event Date 06/22/2012
- Party 1 Kushner Companies, Vornado Realty Trust
- Party 1 Brokerage Vornado Realty Trust
- Party 1 Broker Thomas Costanzo, Jared Solomon, Glen Weiss
- Party 2 Akerman Senterfitt
- Party 2 Brokerage Vortex Group
- Party 2 Broker Frederick Marek, Scott Grayson
notes
The law firm signed a lease on the 19th and 20th floors, the New York Post reported. The tenant is relocating from a smaller, 40,355-square-foot space at 335 Madison Avenue.
- Event Office Leasing
- Address 666 Fifth Avenue
- Neighborhood Plaza District
- Borough Manhattan
- Square feet 24,140
- Publication Date 11/01/2011
- Event Date 09/22/2011
- Party 1 Kushner Companies
- Party 1 Brokerage CBRE
- Party 1 Broker Stephen Siegel, Howard Fiddle, Zach Freeman
- Party 2 Golub Capital
- Party 2 Brokerage Newmark Grubb Knight Frank
- Party 2 Broker Brian Waterman, Lance Korman, Daniel Madison
notes
The credit asset management and direct lending business signed a lease. The company is relocating from a smaller, 20,000-square-foot space at 551 Madison Avenue.
- Event Office Leasing
- Address 666 Fifth Avenue
- Neighborhood Plaza District
- Borough Manhattan
- Square feet 50,000
- Publication Date 08/01/2011
- Event Date 06/22/2011
- Party 1 Kushner Companies
- Party 1 Brokerage CBRE
- Party 1 Broker Stephen Siegel, Howard Fiddle, Zach Freeman
- Party 2 International Strategy and Investment Group
- Party 2 Brokerage NAI Global
- Party 2 Broker Mel Zimmerman, Trent Dickey
notes
The investment research firm signed a new 10-year lease for part of the 10th floor and the entire 11th floor.
- Event Retail Leasing
- Address 666 Fifth Avenue
- Neighborhood Plaza District
- Borough Manhattan
- Square feet 2,000
- Publication Date 05/01/2011
- Event Date 03/22/2011
- Party 1 Carlyle Group, Kushner Companies, Crown Acquisitions
- Party 1 Brokerage Cushman & Wakefield
- Party 1 Broker Bradley Mendelson
- Party 2 Swatch
notes
The Swiss watch retailer signed a 15-year lease for the last remaining retail space at the building.
- Event Sales
- Address 666 Fifth Avenue
- Neighborhood Plaza District
- Borough Manhattan
- Square feet 38,750
- Price $ 324,000,000
- Price per foot $ 8,361.29
- Publication Date 04/01/2011
- Event Date 02/20/2011
- Party 1 Kushner Companies
- Party 2 Inditex Group
- Party 2 Brokerage Savills Studley
- Party 2 Broker Borja Sierra
notes
The retail space formerly occupied by the NBA Store sold for $324 million, or $8,361 per square foot, to the Spanish retail giant. The space will serve as the new flagship store for Zara. The rest of the building's retail space, currently leased to Uniqlo and Hollister, is also on the market. The purchase price for the Zara space includes the early termination of the NBA Store's lease.
- Event Office Leasing
- Address 666 Fifth Avenue
- Neighborhood Plaza District
- Borough Manhattan
- Square feet 48,164
- Publication Date 12/01/2010
- Event Date 10/22/2010
- Party 1 Kushner Companies
- Party 1 Brokerage CBRE
- Party 1 Broker Howard Fiddle, Zach Freeman, Stephen Siegel
- Party 2 Schiff Hardin
- Party 2 Brokerage CBRE
- Party 2 Broker Scott Gottlieb, Michael Wellen
notes
The law firm signed a 10-year lease for the entire 16th and 17th floors.
- Event Retail Leasing
- Address 666 Fifth Avenue
- Neighborhood Plaza District
- Borough Manhattan
- Square feet 89,000
- Publication Date 06/01/2010
- Event Date 04/22/2010
- Party 1 Carlyle Group, Crown Acquisitions, Kushner Companies
- Party 1 Brokerage Cushman & Wakefield
- Party 1 Broker C. Bradley Mendelson
- Party 2 Uniqlo
notes
The Japanese fashion retailer signed a 15-year lease for $300 million, reportedly a record for retail space in the city. The reported asking rent was $30 million per year; the tenant will pay roughly $20 million per year. Uniqlo also has a location in Soho.
- Event Office Leasing
- Address 666 Fifth Avenue
- Neighborhood Plaza District
- Borough Manhattan
- Square feet 81,000
- Publication Date 06/01/2010
- Event Date 04/22/2010
- Party 1 Kushner Companies
- Party 1 Brokerage Tishman Speyer
- Party 1 Broker Ted Koltis, Peter Brindley
- Party 2 Vinson & Elkins
- Party 2 Brokerage CBRE
- Party 2 Broker Lewis Miller
notes
The law firm signed a lease renewal and expansion, adding 6,972 square feet on the 27th floor. The tenant will now occupy almost three full floors in the building.
- Event Retail Leasing
- Address 666 Fifth Avenue
- Neighborhood Plaza District
- Borough Manhattan
- Square feet 913
- Publication Date 01/01/2010
- Event Date 11/22/2009
- Party 1 Kushner Companies
- Party 1 Brokerage Winick Realty Group
- Party 1 Broker Joseph Isa
- Party 2 Subway
- Party 2 Brokerage Winick Realty Group
- Party 2 Broker Joseph Isa
notes
The sandwich chain leased space for another location.
- Event Retail Leasing
- Address 668 Fifth Avenue
- Neighborhood Plaza District
- Borough Manhattan
- Square feet 15,500
- Publication Date 12/01/2009
- Event Date 10/22/2009
- Party 1 Carlyle Group, Crown Acquisitions
- Party 1 Brokerage Cushman & Wakefield
- Party 1 Broker Brad Mendelson, Alan Schmerzler, David Green
- Party 2 Abercrombie & Fitch
- Party 2 Brokerage PBS Realty Advisors
- Party 2 Broker Laura Pomerantz
notes
The teen fashion company signed a 15-year lease to open its second Manhattan Hollister store. The first location is in Soho.
- Event Retail Leasing
- Address 666 Fifth Avenue
- Neighborhood Plaza District
- Borough Manhattan
- Square feet 5,400
- Publication Date 07/01/2009
- Event Date 05/22/2009
- Party 1 Crown Acquisitions, Carlyle Group, Kushner Companies
- Party 1 Brokerage Cushman & Wakefield
- Party 1 Broker C. Bradley Mendelson, Alan Schmerzler, David Green
- Party 2 Abercrombie & Fitch
- Party 2 Brokerage PBS Realty Advisors
- Party 2 Broker Laura Pomerantz
notes
The apparel retailer expanded its ground-floor space from 4,400 square feet to 5,400 square feet, moving into the adjacent space being vacated by Hickey Freeman.
- Event Office Leasing
- Address 666 Fifth Avenue
- Neighborhood Plaza District
- Borough Manhattan
- Square feet 30,000
- Publication Date 06/01/2009
- Event Date 04/22/2009
- Party 1 Kushner Companies
- Party 1 Brokerage Tishman Speyer
- Party 2 Citigroup
- Party 2 Brokerage In-house
notes
The bank renewed its lease for a private-banking floor.
- Event Office Leasing
- Address 666 Fifth Avenue
- Neighborhood Plaza District
- Borough Manhattan
- Square feet 55,755
- Price per foot $ 92.00
- Publication Date 07/01/2008
- Event Date 05/22/2008
- Party 1 Kushner Companies
- Party 1 Brokerage Tishman Speyer
- Party 1 Broker Greg Conen
- Party 2 Victoria's Secret
- Party 2 Brokerage CBRE
- Party 2 Broker Eric Deutsch, Ken Meyerson, Jason Pollen
notes
The lingerie and fashion retailer inked a five-year lease renewal for office space.
- Event Sales
- Address 666 Fifth Avenue
- Neighborhood Plaza District
- Borough Manhattan
- Square feet 90,000
- Price $ 525,000,000
- Price per foot $ 5,833.33
- Publication Date 06/01/2008
- Event Date 04/22/2008
- Party 1 Crown Acquisitions, Carlyle Group, Kushner Companies
- Party 2 Carlyle Group, Crown Acquisitions
notes
A 49 percent stake in the building's retail space sold for $525 million. Kushner will continue to own 100 percent of the office portion of the tower, which was acquired last year for a record $1.8 billion.
- Event Retail Leasing
- Address 666 Fifth Avenue
- Neighborhood Plaza District
- Borough Manhattan
- Square feet 887
- Publication Date 01/01/2008
- Event Date 11/22/2007
- Party 1 Tishman Speyer
- Party 1 Brokerage In-house
- Party 2 Dunkin' Donuts
- Party 2 Brokerage Joseph Isa
- Party 2 Broker Winick Realty Group
notes
The coffee chain inked a 10-year lease for another location.
- Event Office Leasing
- Address 666 Fifth Avenue
- Neighborhood Plaza District
- Borough Manhattan
- Square feet 6,200
- Publication Date 11/01/2007
- Event Date 09/22/2007
- Party 1 Kushner Companies
- Party 1 Brokerage TSP
- Party 1 Broker Gregory Conen
- Party 2 William Blair & Company
- Party 2 Brokerage JLL
- Party 2 Broker David Kleiner, Andrew Flint
notes
The investment bank signed a seven-year lease for space on the 14th floor. This will be the Chicago-based firm's first New York City office.
- Event Office Leasing
- Address 666 Fifth Avenue
- Neighborhood Plaza District
- Borough Manhattan
- Square feet 39,000
- Publication Date 11/01/2007
- Event Date 09/22/2007
- Party 1 Kushner Companies
- Party 1 Brokerage TSP
- Party 1 Broker Gregory Conen
- Party 2 Millennium Partners
notes
The hedge fund signed a 12-year expansion lease for space on the ninth floor, bringing its total occupancy in the building to 150,000 feet.
- Event Sales
- Address 666 Fifth Avenue
- Neighborhood Plaza District
- Borough Manhattan
- Square feet 1,500,000
- Price $ 1,800,000,000
- Price per foot $ 1,200.00
- Publication Date 01/01/2007
- Event Date 11/22/2006
- Party 1 Tishman Speyer
- Party 2 Kushner Companies
notes
The building, which includes 84,855 square feet of retail space on the lower levels, sold for $1.8 billion, or $1,200 per square foot. Tishman Speyer Properties and an investment group bought the building in 2000 for $518 million. The transaction represents the largest single asset sale to date in New York City.
- Event Office Leasing
- Address 666 Fifth Avenue
- Neighborhood Plaza District
- Borough Manhattan
- Square feet 107,000
- Publication Date 04/01/2005
- Event Date 02/20/2005
- Party 1 Tishman Speyer
- Party 1 Brokerage Tishman Speyer
- Party 1 Broker Calvin Farley, Blythe Kinsler
- Party 2 Fulbright & Jaworski
- Party 2 Brokerage Charles Borrok
- Party 2 Broker David Rosenbloom, Charles Borrok
notes
Law firm renews and expands by 29,000 sf
...deals that could change the face of Fifth.
666 Fifth Avenue (inset: Zaha Hadid)
666 Fifth Avenue
If Fifth Avenue has been asleep on the development...
...to buy for a $324 million retail condo at 666 Fifth Avenue from Stanley Chera’s Crown Acquisitions, the Carlyle Group and Kushner Companies.
Given Manhattan...
...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...
...blockbuster $707.8 million purchase of the retail condo at 666 Fifth Avenue (which ranked at No. 2) and UDR’s $630 million purchase of Columbus Square, a group...
...of the retail condos at the base of 666 Fifth Avenue sold to Vornado for $707 million (note: correction appended).
In the third quarter of last...
...closed. For example, the retail condo sale at 666 Fifth Avenue was not included, but is still expected to be a big moneymaker for its...
...pay $331.6 million for a 39,000-square-foot slice of a 666 Fifth Avenue retail condo, city records show. At $8,300 per square foot, it was the highest price...
...floor (Lindt)
Asking rent: $2,400 per square foot
16. Address: 666 Fifth Avenue
Landlord: Carlyle Group, Kushner Companies, Crown Acquisitions
Tenants: Uniqlo, Swatch opened
Size: 90,000 square feet...
...and Schiff Hardin moving from 900 Third Avenue to 666 Fifth Avenue.
Venable, another law firm, is now in the market for more than 60,000 square feet...
...including major retail properties in Manhattan such as 666 Fifth Avenue. Chera as an individual was listed as a joint venture partner in the acquisition...
...From left: 444 Madison Avenue, 666 Fifth Avenue, and 1301 Sixth Avenue
New York City's top commercial brokerages have jockeyed for market share...
...Charles Kushner, chairman of Kushner Companies, said if 666 Fifth Avenue (which the company bought for a record $1.8 billion last year) was any indication, the...
...of last year, the New Jersey-based developer bought 666 Fifth Avenue, between 52nd and 53rd streets, and blew the lid off the city's commercial real...
...The Kushner family, for instance, agreed to buy 666 Fifth Avenue from Tishman Speyer Properties for a record $1.8 billion. Up the road, developer Harry Macklowe...
...in the city.
Meanwhile, Kushner Companies' purchase of 666 Fifth Avenue, which earned it a spot at number eight on the list, set the record...
