Marc Holliday Of SL Green And Jeff Sutton Of Wharton Properties Sell 690 Madison Avenue For $54.5M
690 Madison Avenue
$54,500,000
$6,942/SF
Building Size
7,850 SF
Asset Type
Retail
Closing
Mar 2, 2026
AI
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
New York Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.29%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93