Top 5 NYC Office Building Sales—August 2025
Here are the metro’s top deals for the sector, put together by PropertyShark.
Sale Price: $1.1 billion
RXR has purchased the approximately 999,646-square-foot office tower in Central Midtown from The State Teachers Retirement System of Ohio. RXR first announced the sale in May this year and it closed in August, with Elliott Investment Management as equity partner.
The transaction is also marking New York City’s largest acquisition in the past three years. Additionally, Apollo Global Management helped with a $650 million acquisition loan while the deal was brokered by an Eastdil Secured.
The tower, once known as the IBM Building, rises 43 stories and was originally completed in 1981, with the latest upgrades finished in 2014. It includes 42,193 square feet of retail space.
Sale Price: $23.1 million
United Kingdom-based EPIC sold the 30,906-square-foot property known as Manhattan Brewing Co. building to an entity affiliated with real estate investor Jon Krasner’s 7G Group. The last time the property changed ownership was in 2011, when EPIC paid $16 million to Vornado Realty Trust.
The SoHo building rises seven stories and dates back to 1928. It includes 16,603 square feet of office space, 6,314 square feet of retail space and was last upgraded in 2016.
Sale Price: $21.8 million
Five days later, another SoHo office building changed ownership. The same investor purchased the 17,260-square-foot property from First Atlantic Capital. The acquisition was closed at a considerable discount when compared to the previous time the building was swapped, back in 2015, in a $33.5 million sale.
Rising five stories, the property dates back to 1920. It includes 14,260 square feet of office space and 3,000 square feet of retail space.
Sale Price: $17.4 million
An entity related to Reliance Industries Limited, a conglomerate led by Indian billionaire Mukesh Ambani, picked up the 10,218-square-foot asset in TriBeCa from a private seller.
The property is vacant and has been expected to be converted into a single-family mansion, as the seller had two city-approved plans for the former office, according to The Real Deal. The previous ownership picked it up in 2018, in an approximately $20 million deal.
Dating back to 1920 and renovated in 2008, the three-story building features 4,588 square feet of office space and two residential units totaling 4,910 square feet.
Sale Price: $4 million
An entity associated with BNS Real Estate has sold the 6,250-square-foot office building in Concourse Village to an entity affiliated with local real estate investor Muhammed Andha.
The building came online in 2000 and was last upgraded in 2018. It is a professional medical office with a mix of tenants, including American Family Care, that has an urgent care medical clinic at the property.
—Posted on September 25, 2025
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