5590 W 20 Ave

Ownership and recorded sale history

What has actually traded in Hialeah Gardens Border / West 76th

Recorded transactions for office properties in the West 76th to 78th Street corridor, narrowed to the buildings closest to this one in size and age.

Reading this against the corridor

The county assesses this building at $196/SF. Recorded sales of office properties in Hialeah Gardens Border / West 76th since 2021 have a median of $291/SF, across a range of $154/SF to $847/SF.

Across those 8 recorded sales, the median sale price came in at 1.10× the county assessed value. Assessed values are set for taxation and are reset on their own schedule, so they routinely sit apart from transaction prices — in either direction.

At 19,936 SF this building is materially larger than the 704 SF median for office properties trading in this corridor, which narrows the pool of directly comparable transactions.

By footprint it sits in roughly the 100th percentile of office properties that have traded in this corridor — 0 of the 11 recorded sales were of larger buildings.

The assessment works out 33% below the median price per square foot of the comparable sales shown below. That is an arithmetic comparison of a tax figure against transaction prices, not a statement about what this building would sell for.

What this means for this building depends on what no public record contains — the leases, the condition, the rent roll.

Recorded sales of comparable size and vintage