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Severn Realty Partners has sold its 78,564-square-foot office-and-retail building at the corner of Fifth Avenue and 47th Street for $101 million to an undisclosed buyer, according to B6 Real Estate Advisors, which listed the property in October for $113 million. 

The 12-story building at 576 Fifth Ave., is located in Manhattan’s Diamond District. The buyer was represented by Compass in partnership with Silver and Oak Realty.

Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.

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