RPG Quoted on the Value of the Potential Office Condo Conversion of 509 Fifth Avenue

Sources told the New York Post that Rabbi Joshua Metzger is in contract to purchase 509 Fifth Avenue for $40 million. The Chabad Organization will convert the building to office condominiums. Rudder Property Group has been providing guidance on the conversion process to Norman Sturner’s Murray Hill Properties, Rabbi Metzger and the Chai Foundation and Chabad Lubavitch of Midtown.