Real Estate
NYC Family Dangles ‘Crown Jewel’ Tower Near Fifth Avenue Hotspot
- Portfolio of nine properties up for sale at about $300 million
- Investors are focused on highest-quality spaces, broker says
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A New York family that has invested in real estate for decades is putting a portfolio of Manhattan buildings up for sale as demand for prime spaces heats up.
The Duell family is seeking buyers for nine mostly retail properties — seven in Greenwich Village and two in Midtown — according to Darcy Stacom, a broker at CBRE Group Inc., which is representing the sellers. The “crown jewel,” Stacom said, is 5 E. 57th St., a tower just off Fifth Avenue with a David Yurman store at the base.