Top 5 NYC Office Building Sales—September 2026
The latest roundup of major office deals for New York City, collected by PropertyShark.
Sale Price: $200 million
Maddd Equities has sold a commercial condo unit in the historic Bronx General Post Office building to The City University of New York. The sale includes the majority commercial portion of the property.
Maddd Equities sold the landmark after one year of ownership. In 2025, the company paid $44 million for the 1937-built asset. After the acquisition, Maddd signed a 35-year lease with the city’s university system. That agreement, signed in September last year, was worth more than $550 million and was closed on behalf of Hostos Community College, which is expanding its campus at the property, according to BisNow.
Bronx General Post Office is a four-story, 175,316-square-foot -building. It includes 70,610 square feet of office space, 58,475 square feet of retail space and 21,514 square feet of garage space. The building is currently being converted into a life science, lab and academic hub for the new ownership, expected to reach completion by the end of 2027.
Sale Price: $83.5 million
Borough Developers has acquired the Bridge & Fulton development site in downtown Brooklyn. ICER Real Estate sold it in a deal arranged by JLL.
The new ownership plans to develop a residential community with a-156 unit condominium property and three other buildings with for-rent apartments.
The site at 485 Fulton St. has a 130,450-square-foot, five-story office building. BridgeCity Capital provided an $85 million acquisition and development loan.
Sale Price: $73.1 million
LCOR has purchased the unfinished development site in Yorkville from Taconic Partners. The company had owned the property since 2021, through a joint venture with Nuveen Real Estate and Flatiron Equities.
The trio planned a 200,000-square-foot life science building at the address. The project, dubbed Iron Horse Labs, was financed with a $78.8 million construction loan originated in 2022 by Ares Management. However, the project stalled due to the city’s cooling biotech and lab sector.
The site is still housing the original 1927-built five-story office property, totaling 145,838 square feet, while it still has some early-stage construction on it, including façade alterations.
Sale Price: $47 million
Sagehall Partners has bought the six-story SoHo building. The asset changed ownership from three seller entities associated with The Chetrit Group and a private investor.
The sellers have owned the property since 2005. The asset ran into distress after WeWork vacated its previous four-floor space, and LoanCore Capital Credit started foreclosing actions against a $200 million debt associated with the property, according to Commercial Observer.
The 42,000 -square-foot office asset dates back to 1915 and was upgraded in 1998. It includes 6,273 square feet of retail space.
Sale Price: $14 million
Kassin Sabbagh Realty has sold a 24,226-square-foot, three-property portfolio in the borough’s Fordham neighborhood to a private buyer. Spencer Savings bank provided a $8.7 million acquisition loan.
The collection includes a 17,918-square-foot, two-building asset at 101 and 109 E. Burnside Ave., a ,1800-square-foot structure at 2056 Morris Ave., and a 4,508-square-foot building at 2062 Morris Ave. Rising two and three stories, the office properties were originally built in 1930 and last renovated in 2019.
—Posted on Oct. 19, 2026
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