The rental property at 800 Fifth Avenue could be worth $1 billion in a deal considering its potential as a condo ...

The property at 800 Fifth Ave. is currently being used for rentals, but the site is being marketed as a major development opportunity for home sales.

Spitzer Enterprises, the real estate firm run by former New York Governor Eliot Spitzer, and its partner are exploring a sale of a luxury apartment building overlooking Manhattan’s Central Park.