Share: Share on Facebook Share on Twitter Share on LinkedIn I recommend visiting to read:%0A%0A {0} %0A%0A {1}

Cushman & Wakefield Arranges Sale with Partial Leaseback of 18,003-SF Office Condominium in Midtown South

Jayden Lapin-Tatman • 9/21/2022
420 5th Ave New YorkNew York, NY – Cushman & Wakefield announced today that the real estate services firm has arranged the sale of an 18,003-square-foot office condominium at 420 Fifth Avenue, a commercial office building located in Midtown South. The final closing price was $16,250,000.  

A Cushman & Wakefield team consisting of Frank Liantonio, John Ciraulo, Craig Waggner, Mike Kavanagh and John Fitzsimons led the marketing efforts on behalf of the seller, Marist College. The property was purchased by Urban Home Ownership Corp (“UHOC”) who was represented by Jonathan Anapol of Prime Manhattan Realty. As part of the sale, Marist leased back a portion of the space and will continue to have a presence in Manhattan. 

“We are thrilled to complete this transaction on behalf of Marist College with a structure that enables the school to retain a presence in Manhattan and also allows the purchaser a rental stream to offset costs until the time they have a need or want to grow into more space on the floor,” said Liantonio.  

“This is the fifth office condominium floor our team has sold at the property in as many years. There is a constant draw to the building and Fifth Avenue address for those companies and nonprofits that want to own a premier, Class A, management free piece of the rock,” added Craig Waggner. 

In addition to world class location, some of the building highlights include high security, a three-story clear atrium lobby and a large plaza entry. Urban Home Ownership Corp purchased the entire 14th floor office condo, which benefits from a new (2019) office installation including a brand-new HVAC system and the latest audiovisual equipment, a flexible open layout, virtually column free, full height windows on all four sides, nearly a full floor presence with room to grow and 13’ ceilings slab-to-slab. 

Located in the heart of Midtown West, 420 Fifth Avenue is located near Bryant Park, between Times Square and Grand Central Terminal. The area offers an abundance of dining, entertainment and retail options, located just a few blocks away from Fifth Avenue’s exclusive retail corridor and the Theater District. The location provides close proximity to 12 subway lines and three primary railroads servicing Westchester/Fairfield Counties, Long Island and New Jersey including the 42nd Street Shuttle, MetroNorth, Long Island Railroad and Path trains. 
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in approximately 400 offices and 60 countries. In 2022, the firm reported revenue of $10.1 billion across its core services of property, facilities and project management, leasing, capital markets, and valuation and other services. It also receives numerous industry and business accolades for its award-winning culture and commitment to Diversity, Equity and Inclusion (DEI), Environmental, Social and Governance (ESG) and more. For additional information, visit

Interested in learning more?

Get in touch and we can assist with any additional information you need.

With your permission we and our partners would like to use cookies in order to access and record information and process personal data, such as unique identifiers and standard information sent by a device to ensure our website performs as expected, to develop and improve our products, and for advertising and insight purposes.

Alternatively click on More Options and select your preferences before providing or refusing consent. Some processing of your personal data may not require your consent, but you have a right to object to such processing.

You can change your preferences at any time by returning to this site or clicking on  Cookies

More Options
Agree and Close
These cookies ensure that our website performs as expected,for example website traffic load is balanced across our servers to prevent our website from crashing during particularly high usage.
These cookies allow our website to remember choices you make (such as your user name, language or the region you are in) and provide enhanced features. These cookies do not gather any information about you that could be used for advertising or remember where you have been on the internet.
These cookies allow us to work with our marketing partners to understand which ads or links you have clicked on before arriving on our website or to help us make our advertising more relevant to you.
Agree All
Reject All