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

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.