Deal sheet    Single Deal
65 East 55th Street|Sales|06/22/2008
  • Event Sales
  • Building Name 850 Third Avenue and 65 East 55th Street
  • Address 65 East 55th Street
  • Square feet 1,017,000
  • Price $ 930,000,000
  • Price per foot $ 914.45
  • Borough Manhattan
  • Neighborhood Plaza District
  • Publication Date 08/01/2008
notes
The San Francisco-based real estate company signed a contract for a 94.5 percent interest in the two office towers formerly owned by Macklowe Properties in a transaction valued at around $930 million. The majority stake in the 38-story building at 65 East 55th Street was purchased for $665 million, or $1,100 per square foot; the controlling interest in the 21-story property at 850 Third Avenue was bought for $325 million, or $530 per square foot. The remaining interest in the package is owned by developer George Klein and worth approximately $60 million. Park Avenue Tower.
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