Top 5 NYC Office Building Sales—October 2025
Here are the metro’s largest transaction for the sector, collected by PropertyShark.
Sale Price: $572.3 million
Norges Bank Investment Management acquired the nearly 1 million-square-foot office building in Times Square. The new ownership acquired a 95 percent interest in the property, while Beacon Capital Partners purchased the remaining 5 percent and was retained as the property manager. Additionally, Beacon Capital issued a $372 million loan backed by the property, through a consolidated and restated note.
The property traded from California State Teachers’ Retirement System and Silverstein Properties at a significant discount, compared to its previous sale in 2007, when it sold for $1 billion. The building dates back to 1988, rises 47 stories and was last upgraded in 2016.
Sale Price: $135 million
Vanbarton Group picked up the Emigrant Savings Bank building, a 304,525-square-foot office property in Central Midtown. The property traded from Milstein family’s Emigrant Savings Bank, after more than 30 years of ownership. The building dates back to 1968, was last upgraded in 2019 and rises 27 stories.
The owner also secured a total of $170.4 million in acquisition and construction financing from Corebridge Capital Services Inc., a subsidiary of Corebridge Financial. With plans to convert the office property into a residential building with 441 apartments, the company also secured a $300 million financing package from Brookfield. At the time of the sale, Vanbarton Group expected to immediately break ground on the conversion project.
Sale Price: $66.2 million
The Davis Cos. has purchased a stake in the 210,777-square-foot property in Murray Hill from ATCO Properties & Management. The Davis Cos. also assumed a $70 million note originated from Prudential Financial.
Originally built in 1958 and last upgraded in 2000, the property rises 22 stories and includes 7,400 square feet of retail space. The buyer picked up the property in partnership with Tribeca Investment Group, according to Crain’s New York Business. The partnership is planning to add $50 million into an extensive renovation program at the property, that was 40 percent vacant at the time of the sale, the same source reported.
Sale Price: $50 million
Sioni Group picked up the 84,518-square-foot building from Miami-based Ponte Gadea. The sale price reflected a considerable discount—of nearly 69 percent—when compared to the 2006 sale of the property, when it traded for $115.5 million.
The buyer also secured a $28.5 million loan issued by Valley National Bank. Originally completed in 1921, the Central Midtown property rises 15 stories and includes 5,929 square feet of retail space. The property’s tenant roster comprises Corinthian Capital Group, Early Bird Capital and Corsair Capital Management, among others.
Sale Price: $42.3 million
An entity affiliated with George Lebovits, the owner of the medical care chain Ahava Medical, has purchased the 147,520-square-foot building from a private seller. The buyer also secured a $33.8 million loan and a $14.1 million gap mortgage from Webster Bank.
The three-story office building is within Borough Park, dates back to 1946 and was last upgraded in 2010. The deal also includes an adjacent parking lot. It is not clear if the property will serve as another Ahava Medical facility. According to its website, the company has two other locations in Brooklyn, N.Y.
—Posted on November 24, 2025
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