Top 5 NYC Office Building Sales—April 2025
PropertyShark collected the city’s top deals for the sector.
Sale Price: $100.3 million
David Werner Real Estate purchased the 289,356-square-foot office high-rise in the borough’s Turtle Bay neighborhood from The Durst Organization. The buyer also secured a $76.5 million loan through a consolidated and restated mortgage, originated by Northwind Group.
The 31-story office tower, also known as Xerox Building, originally came online in 1966. It includes 10,018 square feet of retail space and boasts a 92-point CFI score, making it a Tier I candidate for residential conversion. David Werner Real Estate’s future plans for the building may turn it into another office-to-residential conversion project, according to The Real Deal.
Sale Price: $28.7 million
Rivington Co. purchased the 57,425-square-foot office property from One Million Street Capital Management. The buyer secured a $21.5 million acquisition loan from the seller.
The six-story asset dates back to 1905, is in the Williamsburg area of Brooklyn and holds a CFI score of 94 points. The asset previously changed hands for approximately $30 million when Acuity Capital Partners picked it up in 2017. Under the previous ownership the building became subject to a $36 million loan issued by Canton Commercial Real Estate in 2019, that was later assigned to One William Street Capital Management. The latter took ownership of the property in 2023 through a foreclosure.
The property currently includes office spaces across floors two to six with plans calling for converting to residential space the top three floors, Commercial Observer reported.
Sale Price: $27.5 million
A private investor picked up the two properties at 10 and 12 E. 33rd St. from Marcus Partners and Dalan Real Estate. The assets are in Manhattan’s NoMad neighborhood and comprise 29,757 square feet and 26,967 square feet, respectively. Ladder Capital Corp. originated a $24 million financing package through a consolidated and amended loan on behalf of the buyer.
The set of buildings originally came online in 1908 and 1910 and include a total of 4,300 square feet of retail space. The Empire State Building is just one block away while tenants at the properties include Seiden, Ironpaper Marketing and Manhattan Sports & Manual Physical Therapy, among others.
Sale Price: $14.8 million
Ramirez Asset Management acquired the 20,210-square-foot building from an entity affiliated with Maclowe Properties. The asset rises seven stories in Central Midtown, includes 2,948 square feet of retail space and originally came online in 1930.
The previous owner planned to demolish the property, together with the one on the adjacent lot, to make way for a 1 million-square-foot skyscraper, according to Crain’s New York Business. The same source mentions that the adjacent property was picked up in 2023 by Ramirez Asset Management, which plans to renovate and to use both seven-stories buildings as its new corporate headquarters.
Sale Price: $12.2 million
Camber Property Group purchased the 7,972-square-foot office property from Maguire Capital Group. The two-story building dates back to 1930, is the site of a former Orthodox Jewish chapel in the Borough Park neighborhood and was used by a funeral home. The buyer secured a $7.9 million loan from Citibank and will likely redevelop it into a residential property, according to Crain’s New York Business. Development plans call for a 113,260-square-foot project, according to PropertyShark.
—Posted on May 29, 2025
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