Top 5 NYC Office Building Sales—March 2026
Here are New York City’s largest office transactions, rounded up monthly by PropertyShark.
Sale Price: $51 million
Kaufman Organization has sold the 12-story office building in the borough’s NoMad neighborhood to an entity associated with Kaufman Investments and Two Sigma, a technology-driven investment management company. The new ownership secured $47.2 million in acquisition funds from Metropolitan Life Insurance Co. through three notes.
The 128,965-square-foot property changed hands at a 58 percent discount from its previous sale. In 2019, Japanese company Unizo Holdings sold the asset for $121.5 million to a joint venture between Kaufman Organization and AXA Financial.
The 1913-built property includes 29,965 square feet of retail space and was last upgraded in 2012.
Sale Price: $46 million
CIM Group has sold the 70,642-square-foot office building to Acram Group. The building traded after the previous ownership foreclosed on their loan, following a series of predicaments.
Back in 2015, WeWork Co-Founder Adam Neumann and fashion designer Elie Tahari paid $70 million for the property at 88 University Place. After the pandemic and IBM’s exit left a significant vacancy, Arch Cos. purchased an ownership stake in the asset in 2022.
The co-owner then secured a $71 million loan from CIM Group and defaulted on it a year later. CIM Group foreclosed and took over the asset in 2024.
In the current deal, Acram Group purchased the property in partnership with Bulldog Real Estate Partners, according to The Real Deal. The new ownership wants to renovate the property, with plans to attract AI and tech tenants, according to the same source. BridgeInvest provided $46.3 million through three mortgages.
The 1906-built property rises 11 stories and includes 5,500 square feet of retail space. It is in the Greenwich Village neighborhood and was previously upgraded in 2015.
Sale Price: $40.5 million
George Comfort & Sons and ASB Real Estate Investments have sold a 39,224-square-foot mixed-use property in Chinatown to four buyers. Dunn, Pariser & Peyrot is the majority owner, while Power Express Mortgage, Patriot Real Estate Holdings and a private individual hold a minority stake.
The buyers secured a $33.6 million acquisition loan originated by Urban Standard Capital. The acquisition price was 35 percent lower than at it’s previous trade in 2013, back when ASB paid $61.9 million for it in an all-cash deal.
The six-story property includes 12,266 square feet of retail space and dates back to 1915.
Sale Price: $33.2 million
Madison Realty Capital has sold the development site at 350 Hicks St., to Sunlight Development.
The former property on the site was a mixed-use building with 48 apartment units and 75,418 square feet of office space.
Fortis Property Group purchased the property in 2015 and proposed a three-building condominium project at the address, including the adjacent 95 Pacific St. and 5 River Park. The project was the second phase of River Park, a development situated at the former Long Island College Hospital. While its early phases are completed, the second phase involving 350 Hicks St. faced construction delays.
Madison Realty Capital took over the site in 2022 from Fortis but the initial plans were not completed. The new owner secured a $17.5 million loan provided by S3 Capital. Plans for the empty development site have not yet been disclosed.
Sale Price: $28 million
Pearl Realty Management has purchased the Paragon Building in Long Island City, N.Y., from BrightSpire Capital. The deal closed at a 56 percent discount compared to the property’s 2023 trade, when Related Fund Management sold it for $64.3 million.
The 129,087-square-foot office building rises seven stories and is in the borough’s Sunnyside neighborhood. It dates back to 1916, was last upgraded in 2017 and 13,765 square feet of retail space.
—Posted on April 27, 2026
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