SOLD
Moinian Group Acquires Mixed-Use Property At 605 W. 42nd St. In Midtown West For $858.1M
605 West 42nd Street (@LiveAtSky)
Mixed-use
948,000 SF
948,000 SF
Sold 1 year ago
Summary
Sale
NEW YORK
Mixed-use
948,000 sqft
The mixed-use property located at 605 W. 42nd St. in Midtown West has been sold in a closed transaction. The sale was completed on April 21, 2021.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $858,100,000
- Square Footage: 948,000
- Price per Square Foot: $905
- Market: Midtown West
The buyer of the property is the Moinian Group, as confirmed by their Instagram account. They have acquired the remaining 20% stake in the property from SL Green Realty Corp. This transaction values the property at an impressive $858.1 million, making Moinian Group the 100% owner of this mixed-use property.
The brokers involved in the deal were Gary Phillips, Will Silverman, Steve Binswanger, and Jeff Organisciak from Eastdil Secured. Their expertise played a crucial role in facilitating the sale.
Players
All
6
Agents
4
Agencies
2
Details
SOLD
IMAGE: Will Silverman, Joe Moinian, Gary Phillips, Jeff Organisciak, Marc Holliday, Mitchell Moinian & Steve Binswanger
DATE: 04/21/2021
ADDRESS: 605 W. 42nd St. (@LiveAtSky)
MARKET: Midtown West
ASSET TYPE: Mixed-use
BUYER: @MoinianGroup
SELLER: @SLGreen_Realty Corp.
BROKERS: Gary Phillips, Will Silverman, Steve Binswanger & Jeff Organisciak - Eastdil Secured
TOTAL VALUE: $858,100,000
SF: 948,000 ~ PPSF: $905
NOTE: @MoinianGroup is in contract to purchase @SLGreen_Realty remaining 20% stake in @LiveAtSky, valuing the property at $858.1 million, and making @MoinianGroup 100% owners of the Mixed-use property.View on map
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Address605 West 42nd Street (@LiveAtSky)
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