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Acquisitions

Jinduck Seo acquires 384 Fifth Avenue

David Zaken sells Midtown South retail and office building for $23.5 million

384 Fifth Avenue (Credit: Ariel Property Advisors)

Jinduck Seo has acquired 384 Fifth Avenue in Midtown South from David Zaken for $23.5 million. The retail and office building spans 28,000 square feet (3,400 square feet of retail).

Worth Noting: The property was delivered vacant, and has 25,762 square feet of unused development rights. It is located between West 35th and West 36th Streets two blocks away from the Empire State Building.

Flashback: Zaken paid $11.5 million for the property in 2011.

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