Fifth Avenue Building Set to Test Market for Older NYC Towers
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A 1920s-era office tower on Fifth Avenue is testing the market for older buildings at a time when tenants have gravitated to Manhattan’s new skyscrapers.
The 24-story property, at 475 Fifth Ave., is expected to fetch roughly $300 million, according to Darcy Stacom, a broker at CBRE Group Inc., which is handling the sale.