It's not every day that a $45 million commercial property on Fifth Avenue goes up for sale! Built in 1907–this historic Beaux Arts-style building is a rare find.
via email. “For the first time in over 50 years, you can plant your flag at the iconic address and build your HQ on the most recognizable avenue in the world.”
The tower offers over 125 feet of wraparound frontage on Fifth Avenue and West 46th Street. It was originally developed for famed jeweler Jacob Dreicer and designed by architecture firm Warren & Wetmore, best known for its work on Grand Central Terminal. As it currently stands, the property is owned by the Riese Organization, one of the largest restaurant management companies in the Northeast and operators of franchises such as Dunkin’ Donuts, KFC and Pizza Hut, to name a few.
’s most expensive street. The corridor now houses Rolex’s new headquarters at 665 Fifth Avenue and Extell’s neighboring 1.5 million-square-foot development at 570 Fifth Avenue.
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