High-demand Fifth Avenue corner flagship expected to draw crowds

560 Fifth Avenue

CityVest Realty Corp. president Mark Stempel is marketing a Fifth Avenue corner location, 560 Fifth Avenue at 46th Street.

“This corner flagship opportunity offers the prestige of a Fifth Avenue address, major brand visibility and non-stop pedestrian traffic,” Stempel said. “The location, close to offices, hotels, stores and attractions, is stellar.  Retailers wait years for this type of space to come onto the market.”

560 Fifth Avenue, offering 105 ft. of wrap-around street frontage, has 18-foot ceilings and a total of 8,100 s/f, with 2,100 s/f at ground level, a 1,300 s/f mezzanine, a 2,500 s/f second floor and 2,200 s/f of lower level space.

The asking price for the ground floor is $800 psf and the second floor is $150 psf. The ground floor, the second floor and the lower level have been combined for this retail deal. The space is available April 2012.

Neighboring retailers include Saks Fifth Avenue, Guess, Lacoste, Benetton, Barnes & Noble and Rockefeller Center.

“We anticipate demand for this property to be extremely high, and look forward to finding just the right tenant to lease this prime address,” continued Stempel.

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