724 Fifth Avenue | The Real Deal New York

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724 Fifth Avenue

724 Fifth Avenue
New York, NY 10019
Website
Office, Retail, Leasing/Rental

724 Fifth Avenue, or the J.M. Gidding & Company Building, is a 1923 commercial office building designed by Severance & Van Alen architects. It measures 132.78 feet tall, contains more than 65,000 square feet and is part of the worlds most valuable retail corridor on Fifth Avenue. In 2014, 720-724 Fifth Avenue placed third on The Real Deals list of Manhattans highest grossing retail buildings with $33 million in annual revenue

In 2012, a partnership consisting of SL Green, Jeff Suttons Wharton Properties and Stonehenge Partners teamed up to buy a 10-building portfolio which included 724 Fifth Avenue for $400 million. Currently SL Green maintains 50% ownership in the building.

The address is home to luxury clothing retailer Prada (20,000 square feet) and a number of galleries such as Findlay Gallery, Maxwell Davidson Gallery, Tibor Gallery and others.

-WP

  • Year Built 1921
  • square feet 65,000
  • block and lot 1-01272-7502
  • BIN 1035052

11/12/18
...billion, as well as a 50 percent stake in 724 Fifth Avenue to Jeff Sutton for $85.5 million. And the REIT announced in August that it went...

...billion, as well as a 50 percent stake in 724 Fifth Avenue to Jeff Sutton for $85.5 million. And the REIT announced in August that it went...

08/14/18
...Last June, it sold its 50-percent stake in 724 Fifth Avenue to partner Jeff Sutton for $85.5 million. It also acquired the leasehold interest in 2 Herald...

06/14/18
...SL Green recently sold its 50 percent stake in 724 Fifth Avenue to partner Jeff Sutton for an $85.5 million profit and acquired the leasehold for 2 Herald...

06/04/18
...From left: Marc Holliday, 724 Fifth Avenue and Jeff Sutton SL Green Realty sold its 50 percent stake in 724 Fifth Avenue to...

11/16/17
...Bank also financed Sutton and SL Green’s 724 Fifth Avenue in January with $235 million in financing. 6) Who says you can’t get a construction...

10/12/17
...year, Aareal refinanced SL Green and Sutton’s 724 Fifth Avenue, home to Prada’s flagship store, with a $235 million loan. L&L Holding...

10/10/17
...January, Aareal refinanced SL Green and Sutton’s 724 Fifth Avenue, home to Prada’s flagship store, with a $235 million loan...

01/27/17
...From left: Marc Holliday, 724 Fifth Avenue and Jeff Sutton SL Green and Jeff Sutton's Wharton Properties pulled off a $235 million...

11/11/16
...amp; Fitch at 720 Fifth Avenue and Prada at 724 Fifth Avenue, to just a few feet in places. On the east side of the street...

...increases closer to 10 percent. The retail condo at 724 Fifth Avenue, which saw its assessment jump 59 percent to $93 million, logged the next highest increase. The...

05/01/14
...From left: Marc Holliday, 724 Fifth Avenue and Jeff Sutton Retail investor Jeff Sutton, along with his frequent partner SL Green...

...the ranking with 720 Fifth Avenue and the adjacent 724 Fifth Avenue, both diagonally across the street from 717 Fifth. (The two buildings are occupied by Abercrombie...

...Wakefield. In July, Prada renewed its lease at 724 Fifth Avenue for about$4,000 a square foot on the ground floor — more than five times that...

...him the agency to high-profile buildings like 720 and 724 Fifth Avenue in the Plaza District. Selig said the firm, with Waterfall’s backing, plans to...

11/13/13
...From left: Marc Holliday, 724 Fifth Avenue and Jeff Sutton SL Green Realty and Jeff Sutton have signed fashion giant Prada...

07/25/13
...including high-profile locations like the Prada store at 724 Fifth Avenue, and the future Express location at 1552 Broadway in Times Square. Sutton has left at...

01/08/13
...said. Sutton has Prada as a tenant at 724 Fifth Avenue, a building between 56th and 57th streets. The buyers have hired the architecture firm...

...biggest returns on their property sales in 2012.   724 Fifth Avenue was Manhattan’s most profi table $100 million-plus sale of 2012. Seller: David Frankel Realty Address...

03/08/12
...which lent capital for SL Green's acquisition of 724 Fifth Avenue, increased its commercial lending by 178 percent over the past two years to $1.1 billion and...

03/02/12
...for approximately $48 million, and the 12-story building at 724 Fifth Avenue, where high-fashion retailer Prada is a tenant, which SL Green acquired in a joint...

02/20/12
...on the portfolio, which also includes properties at 724 Fifth Avenue, 752 Madison Avenue, 19 East 65th Street, 21 East 65th Street, 762 Madison Avenue, 44 West 55th Street and...

02/03/12
...which includes high-end retailer Prada’s location at 724 Fifth Avenue. The deal closed earlier this week. -- Katherine Clarke...

01/31/12
...portfolio includes high-end retailer Prada’s location at 724 Fifth Avenue, as well as 752 Madison Avenue, 19 East 65th Street, 21 East 65th Street, 762 Madison Avenue, 44 West...

...making it a smart location for Bulgari.   724 Fifth Avenue Address: 724 Fifth Avenue Landlord: Under contract to SL Green and Jeff Sutton (part of...
  • Event Financing
  • Address 724 Fifth Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 66,000
  • Price $ 235,000,000
notes
The company secured a $235 million loan to refinance three office condominiums.
  • Event Retail Leasing
  • Address 724 Fifth Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 15,540
notes
The luxury shoes and accessories brand signed a lease renewal for its flagship store.

...increases closer to 10 percent. The retail condo at 724 Fifth Avenue, which saw its assessment jump 59 percent to $93 million, logged the next highest increase. The...

...the ranking with 720 Fifth Avenue and the adjacent 724 Fifth Avenue, both diagonally across the street from 717 Fifth. (The two buildings are occupied by Abercrombie...

...biggest returns on their property sales in 2012.   724 Fifth Avenue was Manhattan’s most profi table $100 million-plus sale of 2012. Seller: David Frankel Realty Address...

...making it a smart location for Bulgari.   724 Fifth Avenue Address: 724 Fifth Avenue Landlord: Under contract to SL Green and Jeff Sutton (part of...