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
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