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:
- Property Type: Office
- Transaction Amount: $730,000,000
- Address: 65 East 55th Street
- Market: Manhattan
- Square Footage: 622,000
- Price Per Square Foot: $1,173
- Buyer: Marc Holliday & Harrison Sitomer - SL Green
- Seller: Blackstone Group
- Seller's Representatives: Gary Phillips & Will Silverman - Eastdil Secured
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
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