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220 East 42nd Street

The Office property located in New York that spans 1,139,860 square feet sold for $815,000,000 or $715 PPSF. The deal closed 36 months and 1 day ago. The brokers of the deal were Robert Verrone and Adam Spies

  • Location image 220 East 42nd Street, New York, NY 10017, USA
  • Sold Value
    image $815,000,000
    image $715
  • Asset Type image Office
  • Area image 1,139,860 SF
  • Parties image2 Brokers,2 Agencies
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Robert Verrone icon icon

Iron Hound Management Company
  • Deals 14
  • Volume $2,995,500,000
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Adam Spies icon icon icon icon icon

Cushman & Wakefield
  • Deals 114
  • Volume $32,380,000,000
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Comparables: 220 East 42nd Street

Showing 4 of 6

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Price Icon $930,000,000

  • StatusSOLD, $775 PPSF
  • Date03/01/22
  • Address77 West 66th Street, New York City, New York 10023, United States
  • Address77 West...
  • AssetOFFICE
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Price Icon $855,000,000

  • StatusSOLD, $988 PPSF
  • Date12/05/21
  • Address452 5th Avenue, Manhattan, New York, NY, USA
  • Address452 5th...
  • AssetOFFICE
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Price Icon $850,000,000

  • StatusSOLD, $878 PPSF
  • Date09/30/21
  • Address100 Pearl Street, New York, NY 10004, USA
  • Address100 Pearl...
  • AssetOFFICE
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Price Icon $760,000,000

  • StatusSOLD, $871 PPSF
  • Date08/16/21
  • Address51 West 52nd Street, Manhattan, New York, NY, USA
  • Address51 West...
  • AssetOFFICE
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This Deal on Social

SALE ( IN CONTRACT )
IMAGE: Adam Spies, Andrew Matthias, Doug Harmon & Marc Holliday
DATE: 10/01/2019
ADDRESS: 220 East 42nd Street
MARKET: Midtown
ASSET TYPE: Office

PRICE: $815,000,000
SF: 1.139,860
PPSF: $715

BUYER: Jacob Chetrit
SELLER: @SLGreen_Realty
BROKERS: @CushWake Adam Spies and Doug Harmon & Robert Verrone of Iron Hound Management

NOTE: SL Green purchased the property in 2003 for $265M, following its initial $53.5 million preferred equity investment in 2001. Currently boasting occupancy of 97% and the highest NOI since SL Green’s acquisition, the building’s tenant roster includes the Omnicom Group, WPIX, and the United Nations.

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SALE ( IN CONTRACT )
IMAGE: Adam Spies, Andrew Matthias, Doug Harmon & Marc Holliday
DATE: 10/01/2019
ADDRESS: 220 East 42nd Street
MARKET: Midtown
ASSET TYPE: Office

PRICE: $815,000,000
SF: 1.139,860
PPSF: $715

BUYER: Jacob Chetrit
SELLER: @SLGreen_Realty
BROKERS: @CushWake Adam Spies and Doug Harmon & Robert Verrone of Iron Hound Management

NOTE: SL Green purchased the property in 2003 for $265M, following its initial $53.5 million preferred equity investment in 2001. Currently boasting occupancy of 97% and the highest NOI since SL Green’s acquisition, the building’s tenant roster includes the Omnicom Group, WPIX, and the United Nations.

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Contact Robert Verrone

Principal owner Robert Verrone drew from his 23 years experience in the commercial real estate industry to found Iron Hound...

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