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Marc Holliday Of SL Green And Jeff Sutton Of Wharton Properties Sell 690 Madison Avenue For $54.5M

Property Image
SOLD
$54,500,000
Will Silverman
Gary Phillips
Jeff Sutton

New York

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Retail7,850 SF
Sold 03/02/2026
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Property Image
SOLD

Marc Holliday Of SL Green And Jeff Sutton Of Wharton Properties Sell 690 Madison Avenue For $54.5M

690 Madison Avenue

See Similar Deals
Retail7,850 SF
Sold 03/02/2026
Will Silverman
Gary Phillips
Jeff Sutton
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$6,942
Total Square Footage:7,850 SF
Transaction Type:Sale

690 Madison Avenue is a retail asset located in the Upper East Side, featuring a total square footage of 7,850. The property was sold for $54,500,000, translating to a price per square foot of $6,943.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $54,500,000
  • Address: 690 Madison Avenue
  • Market: Upper East Side
  • Seller: Marc Holliday - SL Green & Jeff Sutton - Wharton Properties
  • Brokers: Gary Phillips & Will Silverman - Eastdil Secured
  • Square Footage: 7,850
  • Price per Square Foot: $6,943

SL Green Realty Corp. and its joint venture partner Wharton Properties executed the sale of the fully leased retail building, which is occupied by Van Cleef & Arpels, marking a significant transaction in the Upper East Side market.

Players

Gary Phillips
Eastdil Secured
Gary Phillips
89 deals$34.9B volume
BROKER
Will Silverman
Eastdil Secured
Will Silverman
72 deals$28.1B volume
BROKER
Jeff Sutton
Wharton Properties
Jeff Sutton
56 deals$5.5B volume
SELLER
SL Green
SL Green
SELLER

Details

SOLD
IMAGE: Gary Phillips, Marc Holliday, Jeff Sutton & Will Silverman DATE: 03/02/2026 ADDRESS: 690 Madison Avenue MARKET: Upper East Side ASSET TYPE: Retail SELLER: Marc Holliday - SL Green (@SLGreen_Realty) & Jeff Sutton - Wharton Properties BROKERS: Gary Phillips (@Garyty123) & Will Silverman (@Wilverman1978) - Eastdil Secured (@EastdilSecured) SALE PRICE: $54,500,000 SF: 7,850 ~ PPSF: $6,943 NOTE: SL Green Realty Corp. and joint venture partner Wharton Properties sold 690 Madison Avenue for $54.5 million, divesting the fully leased Upper East Side retail building occupied by Van Cleef & Arpels.

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

$2,906,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$193,627.00
Cash-on-Cash Return-1.27%
Monthly Debt Service$258,357.80
Annual Debt Service$3,100,293.66