Sale Worth: $1.1 billion
RXR has bought the roughly 999,646-square-foot workplace tower in Central Midtown from The State Academics Retirement System of Ohio. RXR first introduced the sale in Could this yr and it closed in August, with Elliott Funding Administration as fairness accomplice.
The transaction can be marking New York Metropolis’s largest acquisition previously three years. Moreover, Apollo World Administration helped with a $650 million acquisition mortgage whereas the deal was brokered by an Eastdil Secured.
The tower, as soon as often called the IBM Constructing, rises 43 tales and was initially accomplished in 1981, with the most recent upgrades completed in 2014. It contains 42,193 sq. ft of retail area.
Sale Worth: $23.1 million
United Kingdom-based EPIC offered the 30,906-square-foot property often called Manhattan Brewing Co. constructing to an entity affiliated with actual property investor Jon Krasner’s 7G Group. The final time the property modified possession was in 2011, when EPIC paid $16 million to Vornado Realty Belief.
The SoHo constructing rises seven tales and dates again to 1928. It contains 16,603 sq. ft of workplace area, 6,314 sq. ft of retail area and was final upgraded in 2016.
Sale Worth: $21.8 million
5 days later, one other SoHo workplace constructing modified possession. The identical investor bought the 17,260-square-foot property from First Atlantic Capital. The acquisition was closed at a substantial low cost when in comparison with the earlier time the constructing was swapped, again in 2015, in a $33.5 million sale.
Rising 5 tales, the property dates again to 1920. It contains 14,260 sq. ft of workplace area and three,000 sq. ft of retail area.
Sale Worth: $17.4 million
An entity associated to Reliance Industries Restricted, a conglomerate led by Indian billionaire Mukesh Ambani, picked up the ten,218-square-foot asset in TriBeCa from a non-public vendor.
The property is vacant and has been anticipated to be transformed right into a single-family mansion, as the vendor had two city-approved plans for the previous workplace, in accordance with The Actual Deal. The earlier possession picked it up in 2018, in an roughly $20 million deal.
Courting again to 1920 and renovated in 2008, the three-story constructing options 4,588 sq. ft of workplace area and two residential models totaling 4,910 sq. ft.
Sale Worth: $4 million
An entity related to BNS Actual Property has offered the 6,250-square-foot workplace constructing in Concourse Village to an entity affiliated with native actual property investor Muhammed Andha.
The constructing got here on-line in 2000 and was final upgraded in 2018. It’s a skilled medical workplace with a mixture of tenants, together with American Household Care, that has an pressing care medical clinic on the property.
—Posted on September 25, 2025
