Marcus & Millichap
260 Madison Avenue, 5th Floor
New York, NY 10016
Sold
520 Fifth Avenue
Midtown, New York, NY
Development
Development Site
$225M
Sale Price
400,000 BSF
Building Size
$563
Price / BSF
Q2 2019
Closing Date
The Story
The Anton Group sold this Midtown development site to Rabina Properties, a developer who constructed a 70 story mixed use residential and office building. The seller was the investment arm of the City of Shanghai, China, and required Mr. Anton and Mr. Lee to travel to China two times to cement the closing of the deal.Property Highlights
- Brand-new trophy skyscraper delivering into peak Midtown demand
- Combination of boutique condominium residences, Class A offices, and a members club
- Central location steps from Grand Central Station and Bryant Park
Deal Team
Eric Anton
Nelson Lee