420 Fifth Avenue (Office Condo)
420 5th Avenue, New York, NY, 10018, US
SEK 102,446,000
JLL has been retained on an exclusive basis to arrange for the sale
of 12 East 53rd Street, Manhattan, New York 10022 (the “Property”).
The six-story landmark commercial townhouse, plus basement,
on the south side of East 53rd Street between Fifth and Madison
Avenues in Midtown East, is unrivaled in stature and history.
Constructed in 1871, and also known as the “Fisk-Harkness
House”, the Tudor-inspired Gothic Revival style was redesigned
by Raleigh C. Gildersleeve in 1906. The C5-2.5 zoned commercial
Property has approximately 25,000 rentable square feet and was
most recently home to the Laboratory Institute of Merchandising
College (LIM College). The building consists of a lobby welcome
center and several reception areas, various class and meeting
rooms, student lounges, executive offices (former home of the
LIM College President’s office), and an oversize conference
hall and full basement. Past historical events include a League
of Nations luncheon and owners such as Proctor & Company,
cousin of Standard Oil executive William Harkness, and the
Automobile Club of America.
The Property was recently vacated by LIM College and will
be delivered free and clear of all tenancies. The building
presents an extremely rare opportunity to own a commercial
townhouse on a preeminent block tucked between Madison
and Fifth Avenues steps from all New York has to offer. The
building features high ceilings, intricate woodwork and historic
characteristics creating a bucolic feel in the pulsing veins of
the Financial Capital of the World. Recent modern installations
and building system updates produce a unique highly soughtafter
combination of charm and sophistication.
On the south side of East 53rd Street, between Fifth and Madison
Avenues in the heart of the Plaza District, the iconic landmarks
of St. Patrick’s Cathedral, Rockefeller Center and Central Park
are all a few minutes’ walk from the front door of 12 East 53rd
Street. The Property is nestled along Fifth Avenue, one of
the world’s most coveted retail corridors, which can receive
up to 30,000+ pedestrians per hour during peak holiday traffic.
Premier retailers among the likes of Apple, Armani, Bergdorf
Goodman, BVLGARI, Louis Vuitton, Tiffany & Co., Saks Fifth
Avenue, UNIQLO and Zara, among countless others, flood the
Fifth Avenue streetscape with energy and color. Transportation
opportunity also lies abundant with the E M trains located a
minute from the Property at the corner of Fifth Avenue and 53rd
Street, and the 4 5 6 B D F M 1 2 3 situated all within
a short walk.