Jeff Sutton

More than a year after he collected $1.8 billion in (almost) one fell swoop by liquidating three Manhattan retail properties, Wharton Properties’ Jeff Sutton doesn’t seem to be losing steam.

Sutton spent at least the last half of 2024 finding new investment opportunities in the Manhattan market and selling a few other assets around the city, meaning that Sutton isn’t exactly taking his foot off the gas after his mega-deals with Prada and Kering.

Since selling 720 Fifth Avenue, 724 Fifth Avenue, 747 Madison Avenue and others in a string of deals that included negotiations with the fashion leviathans — and earned Sutton plenty of international clout — Sutton has purchased a Little Italy walk-up at 373 Broome Street for $12.8 million, a $15.4 million West Village apartment building at 241 West 13th Street, and a $34 million stake in SL Green Realty’s 690 Madison Avenue, which closed in December 2024.

Meanwhile, he sold a three-story building with ​​32,838 square feet of built space and 3,956 square feet of air rights in the bustling Sheepshead Bay, Brooklyn, market at 1602 Kings Highway for $12.85 million in October. 

And, of course there was the $963 million sale of 715-717 Fifth Avenue, which closed last year. While in Europe finalizing the sale of 724 and 720 Fifth Avenue for a combined $410 million to Prada — which closed in December 2023 — Sutton took a meeting with Kering, the owner of fashion houses Gucci, Balenciaga and Alexander McQueen. That led to the eventual January sale of the property, which SL Green Realty owned a 10 percent stake in.

Altogether, throughout 2024 and so far in 2025, Sutton purchased seven properties for a total of $93.6 million, sold five properties — including 717 Fifth Avenue — totaling $991.5 million, and financed six properties with over $58 million.