The two-floor, 17,000-square-foot retail space at 85 Fifth Avenue–known to savvy ladies everywhere as the Flatiron District’s Anthropologie–has been sold to RFR Holding LLC for $24.8 million. (The group bought the Seagram Building in late 2000 for slightly more: $375m.)
The nice clothing retailer, thankfully, will stay put.
The store is a retail co-op. And according to Robert Futterman, whose company represented both RFR and seller Michael Salzhauer, retail co-ops are the exciting new trend in the exciting world of New York retail real estate.
- Max Abelson