500K-sf Midtown Office Condominium Seeks Buyer

Boston-based Beacon Capital Partners and MetLife have introduced the sale offering of the roughly 500,000-square-foot office condominium at 575 Fifth Avenue, which recently completed about $30 million in renovations. The sellers are aiming to fetch north of $400 million, or about $800 per square foot. Located on the corner of West 47th Street, the unit is 80% leased, ownership having signed leases totaling 130,000 square feet over the past six months.

Source:    https://therealdeal.com/2022/04/20/fifth-avenue-office-asks-400m/