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New York & Tri-State  + Midtown New York  + Office  |  July 23, 2020
Paul Bubny
By: Paul Bubny

CushWake Shops Office Condo for Marist College

Cushman & Wakefield was hired by Marist College to sell the condominium ownership interest for the entire 14th floor at 420 Fifth Ave. The asking price for the 18,003-square-foot floor is $21.5 million.

A team of Frank Liantonio, John Ciraulo, Craig Waggner, John Fitzsimons, John Paul Will and Michael Kavanagh has the assignment. The college plans to operate its Marist in Manhattan program in a larger facility after selling the condo.

“420 Fifth Ave. is located in one of the most highly desirable submarkets in Manhattan,” said Liantonio. “The property’s accessibility, vibrant work environment and flexible layouts help make it an exceptional Class A office building.

“As the only Class A office condominium building on Fifth Avenue, coupled with the fact it is now adjacent to Amazon’s new headquarters at the former Lord & Taylor building, a buyer will be able to create an amazing headquarters presence,” he continued.

For comments, questions or concerns, please contact Paul Bubny

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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