Farallon Capital Management Acquires Office Asset From RXR Realty In Midtown Manhattan For $200M
75 Rockefeller Plz
$200,000,000
$319/SF
Building Size
627,000 SF
Asset Type
Office
Closing
Oct 29, 2025
About this deal
AI
The property involved in this transaction is located at 75 Rockefeller Plz in Midtown Manhattan. It has an asset type classified as office space, encompassing a total square footage of 627,000. The sale price for this property was recorded at $200,000,000.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $200,000,000
- Address: 75 Rockefeller Plz
- Market: Midtown Manhattan
- Asset Size: 627,000 SF
- Investor: Farallon Capital Management
- Sponsor: RXR Realty
- Brokers: Adam Spies, Douglas Harmon, Adam Doneger, Joshua King, Marcella Fasulo, Avery Silverstein & Willis Robbins - Newmark
The transaction involved key stakeholders including Farallon Capital Management as the investor and RXR Realty as the sponsor. A team of brokers from Newmark facilitated the deal, featuring Adam Spies, Douglas Harmon, Adam Doneger, Joshua King, Marcella Fasulo, Avery Silverstein, and Willis Robbins, who collectively represented the interests of the involved parties.
On the Map
$200,000,000
$319/SF
Office
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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
0.08%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93