180 Madison sale closes for $146M

Sitt Asset Management’s sale of a 275,000-square-foot office building at 180 Madison Avenue to the Claret Group has closed for $146.2 million. Sitt paid $91.5 million to buy the building from SL Green four years ago. The 23-story tower, built in 1927, is also known as 24 East 34 Street. TRD