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777 Sixth Avenue

777 Sixth Avenue
New York, NY 10001
Retail, Residential, Leasing/Rental, Multifamily
  • Address 777 Sixth Avenue
  • neighborhood Chelsea
  • borough Manhattan
  • owner Equity Residential
  • owner entity 777 SIXTH AVENUE OWNE
  • floors 31
  • Year Built 2000
  • residential units 293
  • commercial units 2
  • total units 295
  • square feet 269,947
  • block and lot 1-00802-0036
  • BIN 1015043
  • Event Sales
  • Building Name 420 East 54th Street, 305 West 50th Street and 777 Sixth Avenue
  • Address 777 Sixth Avenue
  • Neighborhood Chelsea
  • Borough Manhattan
  • Price $ 475,000,000
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.
  • Event Sales
  • Address 420 East 54th Street, 305 West 50th Street, 777 Sixth Avenue
  • Neighborhood Midtown
  • Borough Manhattan
  • Price $ 475,000,000