Chabad makes historic real estate move in Manhattan

Click photo to download. Caption: Chabad of Midtown Manhattan purchased this building at 509 Fifth Avenue. Credit: Chabad-Lubavitch made one of the largest real estate moves in its history last week when it purchased a 12-story, 60,000-square-foot building in Midtown Manhattan for $42 million, the organization said.

“We thank G-d for this special blessing,” said Rabbi Joshua Metzger on Chabad’s website. “This presents enormous opportunities and an awesome responsibility to ensure that the multitudes in the heart of the city are cared for and inspired,” he said.

Chabad has occupied the second floor of the building located on Fifth Avenue and 42nd Street for 16 years. It has served as the headquarters of Chabad’s rapidly growing operations in Manhattan. Chabad said it plans to fill the building’s vacant space quickly. 

Posted on September 10, 2012 .