SL Green Realty Acquires Office Building In Hell's Kitchen For $90M

The office property located at 603-615 W. 50th St. in Hell's Kitchen has been sold for a price of $90,000,000. The approximate square footage of the property is 160,000, resulting in a price per square foot of $562. The transaction involved the buyer, SL Green Realty, and the seller, Kenneth Cole. The seller was represented by Woody Heller and David Heller from Savills North America. It is worth noting that Kenneth Cole had originally purchased the building in 2006 for $24 million.

Summary of transation details

• Property Type: Office
• Transaction Amount: $90,000,000
• Square Footage: 160,000 (approx.)
• Price Per Square Foot: $562
• Address: 603-615 W. 50th St.
• Market: Hell's Kitchen

The key individuals involved in this deal include Andrew Matthias, Marc Holliday, and Kenneth Cole. Additionally, Woody Heller and David Heller acted as the seller's representatives from Savills North America. This transaction demonstrates the successful collaboration between SL Green Realty and Kenneth Cole, leading to the sale of this office property in Hell's Kitchen.