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420 Fifth Ave - Unit #27 11,850 SF Office Condo Unit Offered at $10,686,785 CAD in New York, NY 10018
Investment Highlights
- Unit #27 provides the chance to acquire the full 27th floor of a striking, Class A Midtown South office tower.
- Current tenant lease runs through 2030, with an additional 5-year option, allowing buyers to secure a stable investment with future upside.
- New owner will have the additional potential long-term to deliver the space vacant for a potential owner/user purchase.
- Spacious unit features oversized windows and 360 degree views of the Midtown skyline, providing excellent natural light and air.
- This refined condo is fully built-out and renovated, with upgrades to common spaces, showrooms/conference rooms, private offices, and the kitchen.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment |
| Sale Type | Investment |
Currently, the unit is leased to Fantaseyes, a privately held accessories company that designs and manufactures various accessories for well-known retailers worldwide. The company's current 11-year lease is set to expire in June 2030, with an additional five-year extension option. The refined space has been fully built out and renovated, featuring common space, showrooms/conference rooms, private offices, a reception area, and a kitchen.
This represents an incredible opportunity for a prospective buyer to acquire a fully built-out, full-floor office condo in one of the premier mixed-use office buildings along Fifth Avenue in Midtown. Future ownership will benefit immensely from having a strong, cash-flowing tenant in the near term with the flexibility long term to deliver the space vacant for a potential owner/user purchase.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 27 | 11,850 SF | Office | $10,686,785 CAD ($901.84 CAD/SF) | - |
Unit 27
| Unit Size |
| 11,850 SF |
| Condo Use |
| Office |
| Price |
| $10,686,785 CAD ($901.84 CAD/SF) |
| NOI |
| - |
Unit 27
| Unit Size | 11,850 SF |
| Condo Use | Office |
| Price | $10,686,785 CAD ($901.84 CAD/SF) |
| NOI | - |
| Sale Type | Investment |
| Sale Notes | |
|
JLL has been retained on an exclusive basis to arrange for the sale of Unit #27, located at 420 Fifth Avenue, a 30-story commercial office condominium building situated on the west side of Fifth Avenue between West 37th and 38th Streets. Unit #27 occupies the 27th Floor and measures approximately 11,850 rentable square feet. The building features oversized windows and 360-degree views of the Midtown skyline, providing the space with excellent light and air. Currently, the unit is leased to Fantaseyes, a privately held accessories company that designs and manufactures various accessories for well-known retailers worldwide. The company's current 11-year lease is set to expire in June 2030, with an additional five-year extension option. The refined space has been fully built out and renovated, featuring common space, showrooms/conference rooms, private offices, a reception area, and a kitchen. This represents an incredible opportunity for a prospective buyer to acquire a fully built-out, full-floor office condo in one of the premier mixed-use office buildings along Fifth Avenue in Midtown. Future ownership will benefit immensely from having a strong, cash-flowing tenant in the near term with the flexibility long term to deliver the space vacant for a potential owner/user purchase. |
Property Facts
| Total Building Size | 619,141 SF | Typical Floor Size | 14,956 SF |
| Property Type | Office (Condo) | Year Built | 1991 |
| Building Class | A | Lot Size | 1.18 AC |
| Floors | 30 | ||
| Zoning | C5-3 - Central commercial district with continuous retail frontage intended for offices and retail establishments that serve the entire metropolitan region | ||
| Total Building Size | 619,141 SF |
| Property Type | Office (Condo) |
| Building Class | A |
| Floors | 30 |
| Typical Floor Size | 14,956 SF |
| Year Built | 1991 |
| Lot Size | 1.18 AC |
| Zoning | C5-3 - Central commercial district with continuous retail frontage intended for offices and retail establishments that serve the entire metropolitan region |
Amenities
- Bus Line
- Concierge
- Fitness Center
- Security System
- Signage
- Wheelchair Accessible
- Basement
- Wi-Fi
- Air Conditioning
- Smoke Detector
Sustainability
Sustainability
ENERGY STAR® Energy Star is a program run by the U.S. Environmental Protection Agency (EPA) and U.S. Department of Energy (DOE) that promotes energy efficiency and provides simple, credible, and unbiased information that consumers and businesses rely on to make well-informed decisions. Thousands of industrial, commercial, utility, state, and local organizations partner with the EPA to deliver cost-saving energy efficiency solutions that protect the climate while improving air quality and protecting public health. The Energy Star score compares a building’s energy performance to similar buildings nationwide and accounts for differences in operating conditions, regional weather data, and other important considerations. Certification is given on an annual basis, so a building must maintain its high performance to be certified year to year. To be eligible for Energy Star certification, a building must earn a score of 75 or higher on EPA’s 1 – 100 scale, indicating that it performs better than at least 75 percent of similar buildings nationwide. This 1 – 100 Energy Star score is based on the actual, measured energy use of a building and is calculated within EPA’s Energy Star Portfolio Manager tool.
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420 Fifth Ave - Unit #27
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