Fifth Avenue Office Building Selling for $300M

RFR Holding has agreed to purchase the approximately 276,000-square-foot building located at 475 Fifth Avenue. The sale by Nuveen attracted a price just under $300 million, or an estimated $1,085 per square foot. Conveniently located near Grand Central Terminal, the 24-story property underwent a $62 million modernization under Nuveen’s ownership since 2011.