July 31, 2019
GFI Realty Services has been named the exclusive sales agent for 1325 and 1330 Fifth Ave., a 33,047-square-foot retail condominium package one block north of Central Park. It contains 13 occupied units, including Maxwell’s Central Park restaurant and Birch Coffee.
The asset resides at the base of two newly-renovated luxury six-story elevator condominium buildings, known as The Fifth Avenue. The condo occupies both sides of Fifth Avenue, with each building featuring a total of 200 feet of retail frontage along the avenue.
GFI’s Matthew Sparks will oversee the sale of the retail condo package, with pricing targeted at $19.5 million.
“Harlem is a creative, dynamic and culturally rich neighborhood, and this acquisition provides an investor with the rare opportunity to acquire 30,000 square-feet of retail space in this exciting market,” said Sparks. “Over time, an investor will be able to create a lifestyle retail destination.”
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