Top 5 NYC Office Building Sales—May 2025
The metro’s top deals for the sector rounded up by PropertyShark.
Sale Price: $52 million
David Werner Real Estate purchased the 207,887-square-foot office building in the borough’s Murray Hill neighborhood. The property changed hands from Meadow Partners, that owned the building in a partnership with Somerset Partners since 2019. At the time, the companies paid $122.5 million for the 17-story property and took a $106 million loan funded by Apollo Global Management, used for enhancing building interiors as well as the façade. The former owners refinanced the loan with Fortress Investment Group in a $110 million deal, but eventually the lender took over the property in 2023.
The LEED Gold-certified property originally came online in 1964 and includes 9,532 square feet of space. David Werner Real Estate paid half the previous trading price for the property and landed a $45 million loan from Northwind Group. The new owner plans a residential conversion that will include 135 units.
Sale Price: $33 million
Evergold Group acquired the two Chinatown office properties at 232 and 224 Canal St. for $33 million. Totaling 12,008 square feet and 28,222 square feet, respectively, the buildings changed hands from Raber Enterprises. The buyer also secured a $22 million loan from CTBC Bank USA.
Rising eight and seven stories, the duo originally came online in 1920 and includes 34,494 square feet of office space and 5,736 square feet of retail space.
Sale Price: $16.5 million
A private investor picked up the 31,600-square-foot building in the Prospect Lefferts Gardens neighborhood of the borough from another private seller. The buyer secured a total of $15.8 million in acquisition funds from Popular Bank.
The single-story building dates back to 1930 and was last upgraded in 2020. It is close to Prospect Park, in a residential area with multiple subway and bus stops, 4 miles of Brooklyn Heights and within 6 miles of Lower Manhattan.
Sale Price: $10.2 million
Nashville, Tenn.-based Ironside Realty bought the 11,290-square-foot office building from Palestra Properties. The buyer secured a nearly $7 million loan through an amended and restated loan provided by Lead Bank.
Originally completed in 1862 and upgraded in 2018, the office property is within Brooklyn’s Bensonhurst neighborhood. Rising two stories, the building is currently occupied by DaVita Dyker Heights Dialysis Center, Artisan Podiatry PC and a nephrology practice.
Sale Price: $9.8 million
The Development Group of NewYork-Presbyterian sold the 25,480-square-foot office property to a private investor, based at the neighboring office building. The 13-story property came online in 2010 and includes 7,840 square feet of residential space and 17,640 square feet of office space.
NewYork-Presbyterian’s development division owned and developed the property since 2010, that currently appears to be vacant.
—Posted on June 26, 2025
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