A valuable piece of Midtown South traded last month when Atlas Capital purchased 100-104 Fifth Avenue for $110 million, according to both real property transfer tax and real estate transfer tax forms
The 240,000-square-foot, 19-story property sold for approximately $458 a square foot. The principals for Atlas Capital, Jeffrey A. Goldberger and Andrew B. Cohen, bought the building from Peter Weisman’s Kinney-Hill Associates.
The deal has major implications for the biggest Fifth Avenue property on the market right now, 60 Fifth Avenue. The eight-story, 120,000-square-foot home of Forbes is on the block. Bids are likely to come soon to the Cushman & Wakefield capital markets team, and don’t be surprised if a winner is announced soon after Labor Day.