Thank you for sharing!

Your article was successfully shared with the contacts you provided.

NEW YORK CITY-HH Realty Equities, a New York-based owner and developer purchased 246 Fifth Ave for $19 million on Auction.com. Reportedly featuring air rights of 24,601 square feet, the 32,049-square-foot office building was marketed by Newmark Grubb Knight Frank‘s capital markets team of senior managing directors David Noonan, Jennifer Schwartzman and managing director Paul Gojkovich.

A total of 281 investors signed confidentiality agreements to review the offering materials, reports auction.com. The auction had 12 registered bidders who each placed a $50,000 fully refundable deposit for the right to bid.

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?

GlobeSt. NET LEASE Fall 2021Event

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 © 2021 ALM Media Properties, LLC. All Rights Reserved.