SOLD
SL Green Acquires Mixed-Use Property On Park Avenue For $445M
450 Park Avenue
Retail
4,250 SF
4,250 SF
Sold 1 year ago
Summary
Sale
NEW YORK
Retail
4,250 sqft
SL Green Realty Corp., represented by Harrison Sitomer, has acquired a mixed-use property located at 450 Park Avenue in Midtown for a sale price of $445,000,000. The asset spans across 337,000 square feet with a price per square foot of $1,320. The seller of the property was Oxford Properties and Crown Acquisitions.
Summary of Transation Details:
- Property Type: Mixed-use
- Transaction Amount: $445,000,000
- Address: 450 Park Avenue, Midtown
- Square Footage: 337,000
- Price Per Square Foot: $1,320
- Buyer: SL Green Realty Corp. - Harrison Sitomer
- Seller: Oxford Properties & Crown Acquisitions
The deal was facilitated by CBRE brokers Darcy Stacom, William Shanahan, and Doug Middleton. This purchase marks SL Green's first acquisition of an office property since 2018.
Players
All
9
Agents
7
Agencies
2
Details
SOLD
IMAGE: Doug Middleton, Harrison Sitomer, Michael Turner, Darcy Stacom & William Shanahan
DATE: 04/20/2022
ADDRESS: 450 Park Avenue
MARKET: Midtown
ASSET TYPE: Mixed-use
BUYER: SL Green Realty Corp. (@SLGreen_Realty) - Harrison Sitomer
SELLER: Oxford Properties & Crown Acquisitions
BROKERS: Darcy Stacom, William Shanahan & Doug Middleton - CBRE (@CBRE)
SALE PRICE: $445,000,000
SF: 337,000 ~ PPSF: $1,320
NOTE: The deal marks SL Green’s first purchase of an office property since 2018.View on map
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