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Avison Young tapped to market flagship retail for sale across from Amazon HQ in NYC

Avison Young tapped to market flagship retail for sale across from Amazon HQ in NYC October 10, 2023

The multi-level retail space includes 18,000-square-feet (sf) on a corner of Fifth Avenue

New York, NY Avison Young has been exclusively retained by RFR to offer for sale a multi-level retail condominium at the intersection of Fifth Avenue and 38th Street. The unit, priced at $20 million, spans the ground, second, and lower-level floors.

James Nelson, Principal and Head of Tri-State Investment Sales and Directors Brent Glodowski and David Shalom, along with Senior Associate, Ed Nelson, all based in Avison Young’s New York City office, are leading the marketing efforts.

“Fifth Avenue is among the premier high streets in the world and with Amazon moving 2,000 employees into their new New York City headquarters across the street at 424 Fifth Avenue, there may be no better opportunity for retailers to take advantage of this unparalleled flagship opportunity,” said Nelson. “
Fifth Avenue is seeing a substantial increase over 2022 levels of foot traffic and we expect this number to continue to grow.”

The condominium features ceiling heights of 16, 15, and 12 feet, respectively, and a double-height glass store front. The unit also features 105 feet of wraparound frontage along Fifth Avenue and 38th, a dedicated elevator, and multiple means of egress allowing for multiple tenancy.

Avison Young creates real economic, social and environmental value as a global real estate advisor, powered by people. As a private company, our clients collaborate with an empowered partner who is invested in their success. Our integrated talent realizes the full potential of real estate by using global intelligence platforms that provide clients with insights and advantage. Together, we can create healthy, productive workplaces for employees, cities that are centers for prosperity for their citizens, and built spaces and places that create a net benefit to the economy, the environment and the community.

Avison Young is a 2023 winner of the Canada's Best Managed Companies Platinum Club designation, having retained its Best Managed designation for 12 consecutive years.

For more information:

  • Download property photo here.

Media contact:

  • Nathan Reyna, Regional Media Relations & Content Specialist, Northeast: +1.917.877.1697 (o), 972.533.1396 (m)