RFR Realty Acquires 477 Madison Ave On UES For $260M

The property at 477 Madison Ave, located in the Upper East Side (UES) market, was recently involved in a closed transaction. The property spans approximately 325,000 square feet, with a price per square foot of $800, resulting in a total transaction price of $260,000,000. The buyer of the property was RFR Realty, while the seller was the Slifka Family. The transaction was facilitated by brokers Darcy Stacom and Bill Shanahan from CBRE.

Summary of transaction details

• Property Type: Commercial
• Transaction Amount: $260,000,000
• Address: 477 Madison Ave
• Market: Upper East Side (UES)
• Square Footage: 325,000
• Price per Square Foot: $800
• Buyer: RFR Realty
• Seller: Slifka Family
• Brokers: Darcy Stacom & Bill Shanahan (CBRE)

The involvement of prominent individuals and companies in this deal adds to its significance. Notably, the buyer, RFR Realty, is a renowned name in the real estate industry. Additionally, the brokers, Darcy Stacom and Bill Shanahan from CBRE, played a crucial role in facilitating the transaction. Their expertise and experience likely contributed to the successful completion of this deal.