Deal sheet    Single Deal
153 East 53rd Street|Sales|05/22/2006
  • Event Sales
  • Building Name Citigroup Center
  • Address 153 East 53rd Street
  • Square feet 1,650,000
  • Price $ 400,000,000
  • Price per foot $ 242.42
  • Borough Manhattan
  • Neighborhood Plaza District
  • Publication Date 07/01/2006
notes
Boston Properties, which owned 65 percent of the property, agreed to purchase Allied Partners' 35 percent interest for $400 million, which equates to approximately $700 per square foot and represents an aggregate value of $1.1 billion for the property. Boston Properties and Allied Partners teamed to purchase the building for $725 million in 2001. Boston Properties recently purchased the naming rights from Citigroup, which occupies the first 23 floors.
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