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Japanese Coffee Company Buys 560 Fifth Ave for $38M
Japanese coffee company Geshary has acquired 560 Fifth Avenue from Riese Organization for $38 million. At nearly $2,800 per square foot, the sale marks one of the highest post-pandemic prices per square foot for a complete building on Fifth Avenue.
This five-story office building, standing since 1907, has over 125 feet of frontage on Fifth Avenue and West 46th Street, the property has been Oakley’s retail home for a decade. Riese Organization has owned the building for the past several decades and this is the first time the property has been sold in over 50 years
Zach Redding and Dylan Kane of Colliers represented the buyer. MAJOR CAPITAL was represented by a CBRE team led by Daniel Kaplan.
- ◦Sale/Acquisition
