597 Fifth Ave_Imóvel à venda
597 Fifth Ave_Imóvel à venda

597 Fifth Ave

597 5th Ave, New York, NY, 10017-1020, US

Descrição

Jones Lang LaSalle (“JLL”) has been exclusively retained to offer for sale 597 Fifth Avenue and 3 East 48th Street (the “Property,” or the “Offering”). Situated on two adjacent lots, the Property occupies a prime location along world-renowned Fifth Avenue, one of the most prestigious retail and office corridors in Manhattan.


597 Fifth Avenue, a New York City landmark better known as The Scribner Building, is a 13-story, 69,279 rsf boutique retail and office property situated on Fifth Avenue between 48th and 49th Streets. Club Monaco currently occupies 100% of the retail, while the office premises is fully vacant, providing investors the ability to immediately take advantage of robust Midtown office leasing fundamentals. The Property also offers 27,388 sf of transferable development rights that may be allocated to 3 East 48th Street or sold off to a third-party investor or developer.


3 East 48th Street is located immediately to the east of 597 Fifth, with frontage on 48th Street between Fifth and Madison Avenues. Unencumbered by in-place tenancy, the six story, 13,698 rsf building can be immediately repositioned for office use, re-imagined as a residential conversion, or redeveloped to take advantage of existing, unused FAR on the site, with an ability to maximize density through an air right transfer from 597 Fifth.

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Atributos

Área de construção bruta
6.735 m²
Ano de construção
1912

Mídia

Destaques do investimento

  1. Immediate Repositioning Opportunity
  2. Irreplaceable Retail Jewel Box Along World Famous Fifth Avenue
  3. Top Performing Office Submarket in New York City

Contactar corretores

597 Fifth Ave (0 Propriedades)

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Última atualização
10 de jun de 2025