Commercial Real Estate Direct Staff Report The 80,032-square-foot office/retail building at 597 Fifth Ave. in midtown Manhattan has been appraised at a value of only $53 million, nearly half what’s owed against it. The 12-story building, with 15,659 sf of retail and 64,373 sf of office space, is owned by Thor Equities of New York. […]

The post Value of Manhattan’s 597 Fifth Ave. Gets Whacked in Latest Appraisal appeared first on Commercial Real Estate Direct.