509 Fifth Avenue Sold to Chabad Lubavich for $42 Million

According to a posting on chabad.org, Chabad Lubavich of Midtown Manhattan closed yesterday on the purchase of 509 Fifth Avenue. The Jewish educational and social services organization, comprised of 33,000 institutions in over 75 countries, had been a tenant in the building for 16 years.

Rabbi Joshua Metzger told The Commercial Observer that a deal for the building had been long sought-after.
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509 Fifth Avenue Sold to Chabad Lubavich for $42 Million