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Morgan Stanley Sells 24,000-SF Condo on Fifth Ave for $170M

Ashkenazy Partners with German Investor on Retail Acquisition
By Ashley D. Stockton
October 29, 2014 | 9:58 P.M.

Germany-based Deka Immobilien GmbH has acquired a 24,411-square-foot retail condominium at 522 Fifth Ave. in a joint venture with New York-based Ashkenazy Acquisition Corporation for $170 million, or a staggering $7,000 per square foot, from Morgan Stanley Investment Management.

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