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12 Fifth Ave. Changes Hands

NEW YORK CITY-The 10-story, 33-unit apartment building located within Fifth Avenue’s Gold Coast section has been acquired by United Fifth LLC, GlobeSt.com has learned exclusively.

By Jacqueline Hlavenka | Updated on February 08, 2012

NEW YORK CITY-A primo elevator-apartment building along Manhattan’s “Gold Coast” in the West Village has changed hands. New York-based real estate family United Fifth LLC has purchased 12 Fifth Ave., a 10-story, 33-unit property located between 8th and 9th Streets, from seller Mar-Mart Realty Co. for $12.5 million, GlobeSt.com has learned exclusively.

The sales price represents $378,788 per unit, $640 per square foot and a cap rate of 3.29%, according to Marcus & Millichap Real Estate Investment Services, who handled the transaction.

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