
597 Fifth Ave
597 5th Ave, New York, NY, 10017-1020, US
6,735 m²
Jones Lang LaSalle (“JLL”) is pleased to present the opportunity to acquire the 100% fee simple interest in 2 Crosby (“the Property”), a recently repositioned, six-story, 38,000 square foot, mixed-use - retail and office - building on one of the most coveted blocks in SoHo. Following a $20M+ transformation ($515 PSF) in 2022, the Property is presently 100% leased with almost seven years of remaining term to leading fashion brands including Rick Owens, Maria Tash, and Schott NYC. The fully renovated, stabilized asset offers exceptional cash flow with attractive yields, limited future capital needs, and significant embedded mark-to-market opportunity in one of the country’s most desirable and supply-constrained submarkets.