Marc Holliday Of SL Green Acquires Retail Condo From Daniel Boulud's Dinex Group For $18.5M
610 Park Avenue
$18,500,000
$1,041/SF
Building Size
17,762 SF
Asset Type
Condo
Closing
Mar 4, 2026
AI
The transaction involves a retail condo located at 610 Park Avenue in Lenox Hill, Manhattan. The property spans 17,762 square feet and was sold for $18,500,000, translating to a price per square foot of $1,042. The sale was finalized on March 4, 2026.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $18,500,000
- Address: 610 Park Avenue
- Market: Lenox Hill, Manhattan
- Buyer: Marc Holliday - SL Green
- Seller: Daniel Boulud - Dinex Group
- Square Footage: 17,762
- Price per Square Foot: $1,042
SL Green Realty, through 610 Park Avenue Commercial Owner LLC, acquired the property from Daniel Boulud’s Dinex Group. This acquisition reflects a significant transaction in the Lenox Hill area, solidifying SL Green's presence in the market.
Players
New York Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.86%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93