Deal sheet    Single Deal
65 East 55th Street|Sales|01/20/2007
  • Event Sales
  • Address 65 East 55th Street
  • Square feet 6,500,000
  • Price $ 7,000,000,000
  • Price per foot $ 1,076.92
  • Borough Manhattan
  • Neighborhood Plaza District
  • Publication Date 03/01/2007
Harry Macklowe paid $7 billion for the 568,060-square-foot Park Avenue Tower at 65 East 55th Street; the 465,173-square-foot 717 Fifth Avenue; the 1.8-million-square-foot 1301 Sixth Avenue; the 1.7-million-square-foot Worldwide Plaza at 825 Eighth Avenue; the 215,322-square-foot 527 Madison Avenue; the 906,287-square-foot 1540 Broadway; the 562,567-square-foot 850 Third Avenue; and the 182,000-square-foot Tower 56 at 126 East 56th Street. Financing was provided by Deutsche Bank and Fortress Investment Group, as arranged by Robert Horowitz of Cooper Horowitz. The deal came just before the Blackstone Group closed on its $39 billion acquisition of Equity Office Properties, saving Blackstone $212 million in transfer taxes.