May 13, 2005

160 Fifth Avenue – The Mohawk Building Former Headquarters building of McKim, Mead & White to be put up for sale. 

AB Partners LLC an affiliate of Murray Hill Properties and Helmsley- Spear Inc. have been appointed co-exclusive sales agents for 160 Fifth Avenue, southwest corner of 21st Street and Fifth Avenue.

The property is a 12-story, approximately 142,516 square foot office building with 92 feet along Fifth Avenue and 142 feet along West 21st Street. 160 Fifth Avenue is located in the heart of the Midtown South Flatiron District and the Ladies Mile Historical Preservation District.

Earle Altman, Gregg Schenker, Steven Hornstock, Randy Modell and Rick Weisfish of AB Partners will be handling the sale along with Thomas Schwartz of Helmsley-Spear Inc.Earle Altman indicated that the store and basement premises alone on the 13,064 square foot plot is likely worth a significant sum.

The property, with its distinguished Fifth Avenue address, is situated in one of New York’s busiest central business districts and most desirable residential neighborhoods. With below market rents, the property offers investors significant upside; or with almost full possession in 2008, the property is prime to follow the area’s recent conversion trends.