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 38^th 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 38^th, a dedicated elevator, and multiple means of egress allowing for multiple tenancy.