Top 5 NYC Office Building Sales—July 2025
PropertyShark collected the city’s top deals for the sector.
Sale Price: $44 million
Madd Equities has purchased the 175,316-square-foot historic office property in the borough’s Concourse neighborhood from Bristol Group. Additionally, the buyer landed $31 million in acquisition funds from Libremax Capital.
The four-story building dates back to 1937 and was last upgraded in 2019. It includes 58,475 square feet of retail space and 9,685 square feet in unused air rights. The property last changed hands in 2014 for $19 million, when Bristol Group, in partnership with Youngwoo & Associates, intended to turn the former Art Deco post office property into a mixed-use building with a food hall with office, retail and tech space. The property was listed for sale for $75 million last year, according to Crain’s New York Business.
Sale Price: $13 million
An entity affiliated with Prana Investments sold the 14,700-square-foot office building in Manhattan Valley to New Jersey-based United Square Links Inc. The buyer secured nearly $10 million in acquisition funds through one gap mortgage and a consolidation agreement from Bank of Hope.
The three-story building dates back to 1930 and includes 21,991 square feet in unused air rights. It served as a Horn & Hardart cafeteria until 1953 and as a CityMD location for more than a decade, according to New York Business Journal.
Sale Price: $11 million
An entity affiliated with Brooklyn-based LC Management has purchased the 29,628-square-foot office building from Lai Enterprises. The buyer also secured an $8.3 million acquisition loan from Broadview Capital and a $14.2 million construction loan from the same lender. It is unclear whether the property will be demolished or renovated as no building permits have yet been filed.
The six-story building dates back to 1910 and features 9,000 square feet of retail space, 19,752 square feet of unused air rights.
Sale Price: $10 million
A private investor picked up the 152,415-square-foot property in Long Island City, N.Y., from an entity affiliated with Curbcut Urban Partners. The building raises 12 stories and was completed in 2017.
The property previously traded in 2015 for $12.1 million, when Curbcut Urban Partners intended to build a new property on the site, borrowing $6.2 million last year from Provident Bank. However, it is not clear what will happen with the property and if the new ownership plans to continue the stalled development.
Sale Price: $7.5 million
The 7,734-square-foot office property in the borough’s Lenox Hill area changed ownership between two private entities. The building dates back to 1910 and rises five stories. It includes 400 square feet of retail space, 1,550 square feet of garage and storage space and is currently occupied by Kapoor Galleries, Manhattan Audio and PermaLine Cosmetics.
—Posted on August 28, 2025
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