SL Green Realty Corp Sells Giorgio Armani Residences Multifamily In Upper East Side For $168.2M

The property asset involved in this transaction is a multifamily development located at 760 Madison Avenue, in the Upper East Side of Manhattan. The transaction amount is reported at $168,200,000 for the sale of 10 units, amounting to a price per unit of $16,820,000. The project collaborated with COOKFOX and Victoria Hagan, maintaining the aesthetic appeal of the Armani brand while respecting the historic context of the Upper East Side.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $168,200,000
• Address: 760 Madison Avenue
• Market: Upper East Side, Manhattan
• Units: 10
• Price Per Unit: $16,820,000
• Seller: Marc Holliday & Harrison Sitomer - SL Green Realty Corp
• Broker Representatives: Madeline Hult Elghanayan & Sabrina Saltiel - Douglas Elliman

The transaction is notable as SL Green Realty Corp. has successfully sold all 10 units of the Giorgio Armani Residences, with sales expected to close in Q4 2024. The involved brokers, Madeline Hult Elghanayan and Sabrina Saltiel, represent Douglas Elliman in this deal, facilitating the process for the sellers.