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In 2015, several of the trophy buildings in Financial District and Central Midtown in Manhattan found new owners among the big buyers of office space in NYC and we mined our data for the top 20 most expensive office building sales:

1. 730-734 5 Avenue, Manhattan

Sale price: $1,775,000,000

NYC office sales cover
730-735 5 Avenue

 

This was a truly stellar deal in 2015! The Crown Building, located in Midtown, was purchased by General Growth Properties, a Chicago-based company. The building has an excellent location and it offers both office space and much wanted retail space along 5th Avenue.

 

2. 230 Park Avenue, Manhattan

Sale Price: $1,207,000,000

230 Park Avenue
230 Park Avenue

Another iconic NYC property, The Helmsley Building was purchased by RXR Realty in partnership with the Blackstone Group, according to The Real Deal.

 

3. 575-589 Lexington Avenue

Sale price: $510,000,000

575-589 Lexington Avenue
575-589 Lexington Avenue

Purchased by Angelo Gordon & Co., this deal might seem small when compared to the top 2 properties on our list. However, considering the building cost its previous owner $360,000,000 in 2012, the sale could be proof of rising prices in the NYC office segment.

 

Check out the other top 20 mega office sales of the year which just closed. (Only one of the office buildings that made the top is not located in Manhattan!)

Top 20 NYC Office Sales in 2015

#AddressNeighborhoodSale PriceDateBuyerSeller
1730-734
5 Avenue
Central Midtown$1,775,000,00017 Apr.730 Fifth Retail LLC & 730 Fifth Upper, LLCLexington Building Co. LLC
2230
Park Avenue
Central Midtown$1,207,000,0005 MayRxr Hb Owner LLC230 Park Avenue Holdco, LLC
3575-589
Lexington Avenue
Turtle Bay$510,000,00027 Aug.575 Lex Property Owner LLC C/O
Angelo Gordon & Co Lp
Maple Reep-Ofc 575 Lex Owner, Lp
41330-1336 Avenue
Of The Americas
Central Midtown
$507,042,00018 Jun.Bpprxr 1330 Holdings LLCRxr 1330 Sixth Avenue Jv Lp
525-01
Jackson Avenue
Hunters Point$480,209,7081 Sep.Court Square Sref Investors, LLC
& Court Square Sref Property Investors, LLC
& Waterbridge Court Square Po LLC
Colfin Pgress Jv L P. & Waterbridge Court Square
Investors LLC
6180
Maiden Lane
Financial District
$470,000,0007 Jan.Downtown NYC Owner LLCAlmah LLC
7340-342
West Street
Hudson Square$401,500,84021 Aug.Atlas Sjc LLC
&Cf Sjp LLC
&Fcof B Sjp LLC
Sjc6A Jv, LLC
8120 W 45 StreetTheatre District - Times Square$365,000,00024 Sep.Akco T45 LLC
&33RD T45 LLC
Slg Tower 45 LLC
9757-765 3 AvenueTurtle Bay$355,500,00022 Apr.Mept 757 Third Avenue LLC757 3RD Avenue Associates, LLC
10315-321 Park Avenue SNoMad$353,851,113
7 Jan.Columbia Reit - 315 Park Avenue South, LLC315 Holdings LLC
(Dba 315 Park Holdings LLC)
111375-1383 BroadwayGarment District$310,000,00029 MayGadol 45 Owner, LLC1375 Broadway
Property Investors Ii, LLC
121865-1869 BroadwayLincoln Square$300,000,00030 Jan.Avb 1865 Broadway, LLCAmerican Bible Society
13100 Wall StreetFinancial District$270,000,00013 Jul.100 Wall Investments LLC100 Wall Street Property LLC
14212-216 5 AvenueNoMad$260,000,00020 Jan.212 Fifth Avenue Venture LLC212 Fifth Avenue Holder LLC
15123-133 William StreetFinancial District$253,000,00027 Mar.Arc Nyc123WILLIAM, LLCEego 123 William Owner, LLC
16364-372 Lexington AvenueMurray Hill$247,000,0001 Oct.Unizo Real Estate NY Three LLCSherwood 370 Lexington LLC
17131-133 Spring Street & 135-137 Spring StreetSoHo$222,200,0004 Aug.131 Spring Member LLC131 Spring Owner LLC
18386-388 Park Avenue SNoMad$201,500,00029 Jan.386 Park South LLC386 Pas Owner LLC
1977-93 Front StreetFinancial District$197,500,000
13 Apr.32 Slipstream LLCOld Slip Property LLC
20837-843 Washington Street
Meatpacking District$190,031,70430 Jan.Teachers Insurance And Annuity Association Of837 Washington Owner LLC
Roxana Baiceanu

Roxana Baiceanu

Roxana is an associate editor with Multi-Housing News and Commercial Property Executive. In the past, she also created content for PropertyShark and Point2Homes’ blog pages. She also has 5 years of experience as a marketing copywriter.

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