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Moinian Group Acquires Mixed-Use Property At 605 W. 42nd St. In Midtown West For $858.1M

Property Image
SOLD
$858,100,000
Will Silverman
Jeff Organisciak
Steven Binswanger
+ 1

New York

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Mixed-use948,000 SF
Sold 04/21/2021
the dealplayerscompscontact
Property Image
SOLD

Moinian Group Acquires Mixed-Use Property At 605 W. 42nd St. In Midtown West For $858.1M

605 West 42nd St, New York, NY 10036, USA

See Similar Deals
Mixed-use948,000 SF
Sold 04/21/2021
Will Silverman
Jeff Organisciak
Steven Binswanger
+ 1
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$905
Total Square Footage:948,000 SF
Transaction Type:Sale

The mixed-use property located at 605 W. 42nd St. in Midtown West has been sold in a closed transaction. The sale was completed on April 21, 2021.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $858,100,000
  • Square Footage: 948,000
  • Price per Square Foot: $905
  • Market: Midtown West

The buyer of the property is the Moinian Group, as confirmed by their Instagram account. They have acquired the remaining 20% stake in the property from SL Green Realty Corp. This transaction values the property at an impressive $858.1 million, making Moinian Group the 100% owner of this mixed-use property.

The brokers involved in the deal were Gary Phillips, Will Silverman, Steve Binswanger, and Jeff Organisciak from Eastdil Secured. Their expertise played a crucial role in facilitating the sale.

Players

Jeff Organisciak
Eastdil Secured
Jeff Organisciak
35 deals$8.7B volume
BROKER
Gary Phillips
Eastdil Secured
Gary Phillips
91 deals$35.6B volume
BROKER
Steven Binswanger
JLL
Steven Binswanger
15 deals$4B volume
BROKER
Will Silverman
Eastdil Secured
Will Silverman
74 deals$28.8B volume
BROKER
The Moinian Group
The Moinian Group
BROKERAGE
The Moinian Group
The Moinian Group
BUYER
SL Green
SL Green
SELLER

Details

SOLD
IMAGE: Will Silverman, Joe Moinian, Gary Phillips, Jeff Organisciak, Marc Holliday, Mitchell Moinian & Steve Binswanger DATE: 04/21/2021 ADDRESS: 605 W. 42nd St. (@LiveAtSky) MARKET: Midtown West ASSET TYPE: Mixed-use BUYER: @MoinianGroup SELLER: @SLGreen_Realty Corp. BROKERS: Gary Phillips, Will Silverman, Steve Binswanger & Jeff Organisciak - Eastdil Secured TOTAL VALUE: $858,100,000 SF: 948,000 ~ PPSF: $905 NOTE: @MoinianGroup is in contract to purchase @SLGreen_Realty remaining 20% stake in @LiveAtSky, valuing the property at $858.1 million, and making @MoinianGroup 100% owners of the Mixed-use property.

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