625 Madison Avenue|Sales|11/22/2013 | TRD Research
Deal sheet    Single Deal
625 Madison Avenue|Sales|11/22/2013
  • Event Sales
  • Address 625 Madison Avenue
  • Square feet 563,000
  • Price $ 400,000,000
  • Price per foot $ 710.48
  • Borough Manhattan
  • Neighborhood Plaza District
  • Publication Date 01/01/2014
notes
The ground lessor's position at the building sold for $400 million. The price represents a going-in yield of 1.15 percent based on contractual ground lease payments through June 2022. The ground lease expires in June 2054.