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10 East 53rd Street

SOLDOffice

Jeffrey M. Kaplan Of Meadow Partners Acquires Office Building From Marc Holliday Of SL Green For $310M

10 East 53rd Street

$310,000,000

$845/SF

Building Size

366,879 SF

Asset Type

Office

Closing

Aug 5, 2026

AI

The asset involved in this transaction is an office building located at 10 East 53rd Street in Midtown East, Manhattan. The sale price was $310,000,000, with the property encompassing 366,879 square feet, resulting in a per square foot price of $845.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $310,000,000
  • Address: 10 East 53rd Street
  • Market: Midtown East, Manhattan
  • Square Footage: 366,879
  • Price Per Square Foot: $845
  • Buyer: Jeffrey M. Kaplan - Meadow Partners
  • Seller: Marc Holliday - SL Green

This transaction saw Jeffrey M. Kaplan representing Meadow Partners as the buyer acquiring the property from Marc Holliday, who represented SL Green. The acquisition reflects a significant investment in the office market in Manhattan.

Players

Jeffrey M. Kaplan

Meadow Partners

Buyer

$921.4M

vol

10 deals

Buyer
Marc Holliday

Marc Holliday

SL Green

Seller

$10.2B

vol

47 deals

Seller

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

0.05%

Cash-on-Cash

-0.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93