NEW YORK CITY-Eastern Consolidated has marketed the 60,000-square-foot building at 509 Fifth Ave. for Norman Sturner. The mid-block building was bought as a TIC, also known as a tenants-in-common entity. Rabbi Joshua Metzger's Chabad as well as a group headed by Alex Adjmi and Jeff Sutton from Bobby Cayre's Aurora Capital were the buyers.
The building was purchased for $39.75 million. SL Green Realty Corp. is providing financing for the upper floors. Chabad has plans to enlarge its Midtown headquarters in the building. For the full story, go to New York Post .
GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
