(For more retail coverage, click GlobeSt.com/RETAIL.)

NEW YORK CITY-Adding to its holdings in the Flatiron District, RFR Holdings, LLC has acquired 85 Fifth Ave. for $24.8 million. The 17,000-sf building is 100% occupied by clothing retailer Anthropologie.

Robert K. Futterman & Associates chairman and CEO Robert Futterman and managing director Ariel Schuster brokered the deal, representing both the buyer and the seller, Michael Salzhauer. Schuster tells GlobeSt.com that the seller owned the property for approximately six years.

Schuster says that RFR Holdings also owns 160 Fifth Ave. and 90 Fifth Ave. in the Flatiron District, adding that its hard to compare the price tag of 85 Fifth Ave. with other area properties because “there have not been a lot of sales in the are to do a comparison.”

The property’s retail space comprises 7,800 sf on the ground floor and 9,200 sf on the lower level. It is located at the corner of 16th Street and Fifth Avenue. Surrounding retailers include Barnes & Noble, Banana Republic, Kenneth Cole, Coach and Pier One. “The sale of 85 Fifth Ave. is another example of the increasing trend in retail co-op sales in Manhattan,” Futterman explains.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 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.


GlobeSt Net Lease Spring 2024Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.