Vanbarton Group Acquires Midtown Manhattan Office From Emigrant Savings Bank For $135M
6 East 43rd Street
$135,000,000
$337/SF
Building Size
400,000 SF
Asset Type
Office
Closing
Sep 28, 2025
About this deal
AI
The property asset involved in the transaction is an office located at 6 East 43rd Street in Midtown Manhattan. The property was sold for $135,000,000, encompassing a total square footage of 400,000, which translates to a price per square foot of $337.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $135,000,000
- Buyer: Vanbarton Group
- Seller: Emigrant Savings Bank
- Brokers: Gary Phillips & Will Silverman - Eastdil Secured
Key individuals involved in the deal include Gary Phillips and Will Silverman, who represented the transaction through their association with Eastdil Secured, facilitating the sale between the buyer and seller.
Players
New York Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.12%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93