April 12, 2016
NoMad Real Estate Roundup: 212 Fifth Ave, Superfly, More
Deals are closing quickly in the NoMad real estate world, and it is hard to stay current on recent developments in the district. Here is our latest NoMad spring real estate roundup with news you might have missed.
212 Fifth Avenue
Shockwaves went through the NoMad real estate community with recent news that one of the condominium units in 212 Fifth Avenue sold for a whopping $29 million. The $29 million sale came for the 19th Floor unit, and observers are hotly anticipating an even higher asking price for the penthouse.
The building, which is being co-developed by Joseph Sitt of Thor Equities and Robert Gladstone of Madison Equities, is currently undergoing extensive renovations to transform the 1912 original construction into a state-of-the-art 45-unit residential property. New renovations to the building include statuary marble slabs, patterned hardwood floors and extra large windows to take in the city views.
Visit 212 Fifth’s website to learn more.
Superfly Comes to 381 Park Avenue South
You may not have heard of Superfly, the New York-based production and marketing firm, but its live music events, such as Bonnaroo and Outside Lands, are world famous. The company has worked with clients such as Google, AMC and Intel.
Superfly just announced a move from 25 East 21st Street to new offices in NoMad. Superfly’s new home will be at 381 Park Avenue South in a 16,267-square-foot space that features lots of natural light and high ceilings. It’s fantastic to have another hip company in the culture sector moving to the neighborhood.
Financing for 245 Fifth Avenue
A major NoMad property, 245 Fifth Avenue at 28th Street, found permanent financing totaling $160 million dollars. Thor Equities and Minion Organization secured financing for the building from Meridian Capital Group.
245 Fifth has 314,000 square feet of office space along with over 12,000 square feet of retail space and, at 26 stories, has the distinction of being the tallest building in its immediate vicinity.
Barstool Sports Relocates to NoMad
Youth-oriented sports and entertainment website Barstool Sports is moving its headquarters from Boston to a nearly 6,000-square-foot space at 13-15 West 27th Street, occupying the entire third floor. The deal was made by Kaufman Organization, filling space in one of its recently renovated Ring Portfolio buildings.