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Diamond District Office/Retail Up for Sale at $113M
A Diamond District office and retail property has hit the market for $113 million, via B6 Real Estate Advisors. The 78,564-square-foot, 12-story property at 576 Fifth Ave. is up for sale for the first time in more than four decades. The seller is Severn Realty Partners, L.P.
“576 Fifth Ave. is an exceptionally attractive investment opportunity given its prime location on Fifth Avenue,” said Paul Massey, founding partner and CEO of B6. “This is a rare, classic headquarters opportunity at the epicenter of Midtown Manhattan’s business district.” Massey is handling the listing with B6’s Zachary Redding and Daniel O’Mahony.
The 113-year-old property adjacent to Rockefeller Center features more than 150 feet of wraparound frontage, including 50 feet along Fifth Avenue, and offers 18,263 square feet of air rights available for commercial use. Crain’s New York Business reported that 576 Fifth last traded in 1977, for $1.3 million.
For comments, questions or concerns, please contact Paul Bubny
- ◦Sale/Acquisition

