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Marc Holliday And Harrison Sitomer Of SL Green Purchase Office Building From Blackstone Group For $730M

Property Image
SOLD
$730,000,000
Will Silverman
Jeff Organisciak
+ 4

New York

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Office622,000 SF
Sold 01/15/2026
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Property Image
SOLD

Marc Holliday And Harrison Sitomer Of SL Green Purchase Office Building From Blackstone Group For $730M

65 East 55th Street

See Similar Deals
Office622,000 SF
Sold 01/15/2026
Will Silverman
Jeff Organisciak
+ 4
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Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$1,173
Total Square Footage:622,000 SF
Transaction Type:Sale

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:

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

Jeff Organisciak
35 deals$8.7B volume
BROKER

Gary Phillips
Eastdil Secured
89 deals$34.9B volume
BROKER

Will Silverman
Eastdil Secured
72 deals$28.1B volume
BROKER

Alana Bassen
Eastdil Secured
17 deals$10.7B volume
BROKER

Carly Shoulberg
Eastdil Secured
9 deals$3.7B volume
BROKER

Eastdil Secured
BROKERAGE

Marc Holliday
SL Green
41 deals$9.7B volume
BUYER

Harrison Sitomer
SL Green
7 deals$3.7B volume
BUYER


Details

SOLD
IMAGE: Gary Phillips, Will Silverman, Marc Holliday, Harrison Sitomer, Jeff Organisciak, Alana Bassen & Carly Shoulberg DATE: 1/15/2026 ADDRESS: 65 East 55th Street MARKET: Midtown Manhattan ASSET TYPE: Office BUYER: Marc Holliday & Harrison Sitomer - SL Green (@SLGreen_Realty) SELLER: Blackstone Group (@Blackstone) ADVISORS: Gary Phillips (@Garyty123), Will Silverman (@Wilverman1978), Jeff Organisciak, Alana Bassen (@AlanaBassen) & Carly Shoulberg (@Carlyy._) - Eastdil Secured (@EastdilSecured) SALE PRICE: $730,000,000 SF: 622,000 ~ PPSF: $1,173

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$38,933,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$2,593,535.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$3,460,572.43
Annual Debt Service$41,526,869.14