Top 5 NYC Office Building Sales—January 2026
A list of New York City’s largest office transactions, collected monthly by PropertyShark.
Sale Price: $386 million
Empire State Realty Trust has purchased two office properties totaling 355,942 square feet from the Harry Potter publisher Scholastic Corp., in a sale-leaseback deal. The publisher will continue to use the space for its headquarters for the next 15 years. Newmark brokered the transaction on behalf of the seller.
The portfolio includes the building at 557 Broadway and the 243,442-square-foot property at 555 Broadway. Rising 10 and 12 stories, the duo is in the borough’s SoHo neighborhood and comprises 26,576 square feet of retail space combined. The tenant roster includes Scholastic Corp.’s Alliance for Young Artists & Writers and Lumos Foundation, founded by J.K. Rowling, among others.
Sale Price: $141 million
Vornado Realty Trust has acquired the Plaza District building from Cohen Brothers Realty.
The buyer also purchased the mortgage on the property, a loan balance accrued to $107 million, including default interest and advances, according to the company’s press release. The loan balance was credited toward the purchase price and was fully terminated.
The 283,465-square-foot office property in Central Midtown rises 19 stories and dates back to 1955. The site is already slated for immediate demolition, with Vornado already planning to tear down the existing structure. The buyer did not specify what project will take shape at the address, but the development site is zoned for nearly 232,500 buildable square feet.
Sale Price: $105 million
Cyprus-based Quantum Pacific has acquired the 26-story Financial District property from BGO and Multi-Employer Property Trust. The century-old property includes 400,294 square feet of space and previously sold in 2016 for $221.1 million.
The buyer picked up the asset through a joint venture with MetroLoft and has landed a $218 million construction loan from Apollo Global Management. The duo plans an office-to-residential conversion at the building, turning it into a 614-unit apartment community.
Sale Price: $71 million
British company EPIC has sold the 66,893-square-foot property also known as 15 Little W. 12th St. to TPG Angelo Gordon.
The buyer, in partnership with Aurora Capital Associates, has secured a $58.4 million loan from Deutsche Bank. The property previously changed hands for $69 million in 2011.
Completed in 2008, the five-story creative office building includes 24,051 square feet of retail space and is in the borough’s Meatpacking District.
Sale Price: $63 million
Avdoo & Partners Development has acquired the Hudson Square building, also known as 68 King St., from a private entity. The buyer landed a $40.1 million loan from Valley National Bank.
The 68,476-square-foot building rises six stories and dates back to 1930. Avdoo plans a high-end residential development spanning more than 200,000 square feet at the site, that has more than 125,000 square feet in development rights, according to The Real Deal.
—Posted on Feb. 25, 2026
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