SL Green Acquires Office Asset From Claudio Del Vecchio For $160 Million In Midtown East

The property asset involved in this transaction is located at 346 Madison Avenue and 11 East 44th Street, situated in the Midtown East market of Manhattan. It was sold for a total transaction amount of $160,000,000, with a maximum zoning floor area of 552,994 square feet. The asset type is classified as office space.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $160,000,000
• Address: 346 Madison Avenue & 11 East 44th Street
• Market: Midtown East, Manhattan
• Max ZFA: 552,994
• Buyer: SL Green
• Seller: Claudio Del Vecchio
• Brokers: David Giancola, Drew Isaacson, Andrew Scandalios & Jennifer Zelko - JLL

The transaction was represented by four brokers from JLL, namely David Giancola, Drew Isaacson, Andrew Scandalios, and Jennifer Zelko, who facilitated the deal between the buyer, SL Green, and the seller, Claudio Del Vecchio.