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690 Madison Avenue

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

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

Gary Phillips

Eastdil Secured

Broker

$34.9B

vol

89 deals

Broker
Jeff Sutton

Jeff Sutton

Wharton Properties

Seller

$5.5B

vol

56 deals

Seller
SL Green
SL GreenSeller

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