[wpgdprc "By using this form you agree with the storage and handling of your data by this website."]

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

720 Fifth Avenue

720 Fifth Avenue
New York, NY 10019
Office, Retail, Leasing/Rental
  • Address 720 Fifth Avenue
  • neighborhood Plaza District
  • borough Manhattan
  • owner Wharton Properties
  • owner entity 720 FIFTH SUB A LLC
  • floors 15
  • Year Built 1954
  • square feet 113,292
  • block and lot 1-01272-0034
  • BIN 1035051
  • Event Retail Leasing
  • Address 720 Fifth Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 9,600
  • Publication Date 05/01/2017
  • Event Date 03/17/2017
  • Party 1 Robert Talbott, Inc
  • Party 1 Brokerage Colliers
  • Party 1 Broker Alexander Jinishian, Connor Sullivan
  • Party 2 HMS International Fabrics Corporation
  • Party 2 Brokerage CBRE Group
  • Party 2 Broker Ivan Hillman
HMS International Fabrics Corporation, a wholesale fabric manufacturer, has subleased the part of the 9th floor from Robert Talbott, Inc.
  • Event Financing
  • Address 720 Fifth Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 122,623
  • Price $ 165,000,000
A $165 million first mortgage with a rate of 5.78 percent over a 10-year interest only term was secured for the property, which comprises approximately 100,000 sf square feet of class A office space and 23,000 square feet of retail space. A $35 million mezzanine loan from SL Green was arranged concurrently. comm. building.

The Plaza District retail condo is home to the Abercrombie & Fitch flagship store, which Sutton signed to a lease in 2004 (the lease expires in 2018). The 720 Fifth Avenue financing also included a mezzanine piece from SL Green, a co-owner of a number of Sutton’s properties including this one, in the amount of $33.75 million...

The same two partners also nabbed the No. 4 spot on the ranking with 720 Fifth Avenue and the adjacent 724 Fifth Avenue, both diagonally across the street from 717 Fifth...

Frankel sold the building for $223 million in late January to a partnership of Jeff Sutton and SL Green Realty, who together own the neighboring building at 720 Fifth Avenue...

Sutton is known for buying properties to create new opportunities. And one source pointed out that he controls neighboring 720 Fifth Avenue, where Abercrombie & Fitch has a lease that expires in 2018...