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65 East 55th Street

Marc Holliday & Harrison Sitomer Of SL Green Acquire Manhattan Office From Blackstone For $730M
SOLDOffice

Marc Holliday & Harrison Sitomer Of SL Green Acquire Manhattan Office From Blackstone For $730M

65 East 55th Street

$730,000,000

$1,173/SF

Building Size

622,000 SF

Asset Type

Office

Closing

Oct 14, 2025

AI

The asset involved in this transaction is an office property located at 65 East 55th Street in Manhattan. The sale price for this property was $730,000,000, and it encompasses a total square footage of 622,000, resulting in a price per square foot of $1,173.

Summary of transaction details:

This transaction involved key figures such as Marc Holliday and Harrison Sitomer representing the buyer SL Green, while the seller, Blackstone Group, was represented by Gary Phillips and Will Silverman from Eastdil Secured.

Players

Gary Phillips

Eastdil Secured

Broker

$34.9B

vol

89 deals

Broker
Marc Holliday

Marc Holliday

SL Green

Buyer

$9.6B

vol

40 deals

Buyer

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

0.02%

Cash-on-Cash

-0.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93