July 23, 2020
Cushman & Wakefield was hired by Marist College to sell the condominium ownership interest for the entire 14th floor at 420 Fifth Ave. The asking price for the 18,003-square-foot floor is $21.5 million.
A team of Frank Liantonio, John Ciraulo, Craig Waggner, John Fitzsimons, John Paul Will and Michael Kavanagh has the assignment. The college plans to operate its Marist in Manhattan program in a larger facility after selling the condo.
“420 Fifth Ave. is located in one of the most highly desirable submarkets in Manhattan,” said Liantonio. “The property’s accessibility, vibrant work environment and flexible layouts help make it an exceptional Class A office building.
“As the only Class A office condominium building on Fifth Avenue, coupled with the fact it is now adjacent to Amazon’s new headquarters at the former Lord & Taylor building, a buyer will be able to create an amazing headquarters presence,” he continued.
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