New York & Tri-State CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors


New York & Tri-State  + New York  + Retail  | 

Vornado to Sell Four Manhattan Retail Properties and The Armory Show for $125M 

Vornado Realty Trust has signed an agreement to sell four Manhattan retail properties located at 510 Fifth Avenue, 148 – 150 Spring Street, 443 Broadway, and 692 Broadway, as well as The Armory Show in New York, for a total sales price of $124.4 million.  

The sale of the four retail properties is anticipated to close in the third quarter, subject to customary closing conditions. The buyer wasn’t identified. Vornado acquired these properties separately in the late 2000s and early 2010s. These transactions will result in an approximate $20 million gain for Vornado Realty Trust, which will be recognized in the third quarter.  


Inside The Story

About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.

  • ◦Sale/Acquisition