SL Green Realty Corp. Thursday announced the sale of 590 Fifth Avenue, a 19-story office building in Midtown East, Manhattan, for $103 million.
“Closing on the sale of 590 Fifth Avenue at a price of $1,000 per square foot demonstrates the continued demand for well-located New York City office and retail properties,” said Harrison Sitomer, Senior Vice President of SL Green.
“This profitable transaction is the latest step in the successful execution of our 2021 business plan as we remain on track to meet or exceed our stated goals for the year,” he added.
Located between 47th and 48th Street, 590 Fifth Avenue is a 103,000-square-foot office building with prime retail space at the base.
SL Green took ownership of the property in October 2020.