
Closed 2025
Transaction Overview
27-story Midtown tower acquired by Vanbarton Group for conversion to 441 rental apartments. Brookfield provided $300M loan. 111 affordable units included.
Property Details
Transaction Value
$140M
Square Footage
400,000 SF
Price per SF
$350
Year Closed
2025
Asset Type
Office
Deal Type
Investment Sale
Property Type
Office-to-Residential
Location
New York
Transaction Parties
Press Coverage
Commercial Observer • Oct 15, 2025
Traded • Oct 15, 2025
Crexi • Oct 15, 2025
Traded • Oct 15, 2025
Pincus & Co • Oct 3, 2025
Commercial Observer • Oct 1, 2025
The Real Deal • Sep 30, 2025
Mann Report • Sep 30, 2025
Bisnow • May 20, 2025
The Real Deal • May 19, 2025
Commercial Observer • May 19, 2025
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