New York Public Library sells two commercial condos for $21.6M in Garment District

The entity 445 Fifth Eighth Floor LLC paid New York Public Library $21.6 million for two condominium units at 445 Fifth Avenue in the Garment District. The deal closed on November 21, 2019, and was recorded on December 4, 2019.
The average sale price per square foot is $1,192.
The estimated cap rate is 2.4%

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Direct link to the city’s interactive property map, ZOLA. link

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