Marc Holliday And Harrison Sitomer Of SL Green Purchase Office Building From Blackstone Group For $730M
65 East 55th Street
$730,000,000
$1,173/SF
Building Size
622,000 SF
Asset Type
Office
Closing
Jan 14, 2026
AI
This office asset at 65 East 55th Street, located in Midtown Manhattan, has a sale price of $730,000,000. The property 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: Midtown Manhattan
- Square Footage: 622,000
- Price per Square Foot: $1,173
- Buyer: Marc Holliday & Harrison Sitomer - SL Green
- Seller: Blackstone Group
- Advisors: Gary Phillips, Will Silverman, Jeff Organisciak, Alana Bassen & Carly Shoulberg - Eastdil Secured
The transaction involved Marc Holliday and Harrison Sitomer representing SL Green as the buyers, while the seller was the Blackstone Group. The advisory team consisted of Gary Phillips, Will Silverman, Jeff Organisciak, Alana Bassen, and Carly Shoulberg from Eastdil Secured, facilitating the deal.
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