Deal sheet    Single Deal
777 Sixth Avenue|Sales|01/20/2010
  • Event Sales
  • Building Name 420 East 54th Street, 305 West 50th Street and 777 Sixth Avenue
  • Address 777 Sixth Avenue
  • Price $ 475,000,000
  • Borough Manhattan
  • Neighborhood Chelsea
  • Publication Date 03/01/2010
notes
Sam Zell's Equity Residential closed on its purchase of 420 East 54th Street and 777 Sixth Avenue and is in contract for 305 West 50th Street, in a transaction worth a combined $475 million. The property at 420 East 54th Street, also known as the Rivertower, has a gross income of $21.5 million and $66 million in debt; 777 Sixth Avenue has $13.9 million in gross income and around $80 million in debt; and 305 West 50th Street, also known as the Longacre House, has $14.2 million in gross income and about $80 million in debt.