{"id":1004788496,"date":"2026-03-23T01:53:00","date_gmt":"2026-03-23T09:53:00","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004788496"},"modified":"2026-03-20T10:57:50","modified_gmt":"2026-03-20T18:57:50","slug":"top-5-nyc-office-building-sales-january-2026","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/top-5-nyc-office-building-sales-january-2026\/","title":{"rendered":"Top 5 NYC Office Building Sales\u2014January 2026"},"content":{"rendered":"<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6a1098c091857&quot;}\" data-wp-interactive=\"core\/image\" class=\"aligncenter size-full wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"266\" data-attachment-id=\"1004788785\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/top-5-nyc-office-building-sales-january-2026\/0326_cpe_ps_office\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/02\/0326_CPE_PS_office.jpg\" data-orig-size=\"800,266\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"0326_CPE_PS_office\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/02\/0326_CPE_PS_office.jpg?w=800\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/02\/0326_CPE_PS_office.jpg\" alt=\"A chart of New York City's top 5 office building sales of January 2026\" class=\"wp-image-1004788785\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/02\/0326_CPE_PS_office.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/02\/0326_CPE_PS_office.jpg?resize=300,100 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/02\/0326_CPE_PS_office.jpg?resize=768,255 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">Source: PropertyShark, a Yardi Systems Company<\/figcaption><\/figure><\/div>\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.propertyshark.com\/mason\/Property-Report\/?propkey=6070&amp;lcl=nyc\" target=\"_blank\" rel=\"noreferrer noopener\">557 Broadway, Manhattan<\/a><\/li>\n<\/ul>\n\n\n\n<p>Sale Price: $386 million<\/p>\n\n\n\n<p>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.<\/p>\n\n\n\n<p>The portfolio includes the building at 557 Broadway and the 243,442-square-foot property at <a href=\"https:\/\/www.propertyshark.com\/mason\/Property-Report\/?propkey=6071\" target=\"_blank\" rel=\"noreferrer noopener\">555 Broadway<\/a>. Rising 10 and 12 stories, the duo is in the borough\u2019s SoHo neighborhood and comprises 26,576 square feet of retail space combined. The tenant roster includes Scholastic Corp.\u2019s Alliance for Young Artists &amp; Writers and Lumos Foundation, founded by J.K. Rowling, among others.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.propertyshark.com\/mason\/Property-Report\/?propkey=20878\" target=\"_blank\" rel=\"noreferrer noopener\">3-11 E. 54th St., Manhattan<\/a><\/li>\n<\/ul>\n\n\n\n<p>Sale Price: $141 million<\/p>\n\n\n\n<p>Vornado Realty Trust has acquired the Plaza District building from Cohen Brothers Realty.<\/p>\n\n\n\n<p>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\u2019s press release. The loan balance was credited toward the purchase price and was fully terminated.<\/p>\n\n\n\n<p>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.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.propertyshark.com\/mason\/Property-Report\/?propkey=194\" target=\"_blank\" rel=\"noreferrer noopener\">101 Greenwich St., Manhattan<\/a><\/li>\n<\/ul>\n\n\n\n<p>Sale Price: $105 million<\/p>\n\n\n\n<p>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.<\/p>\n\n\n\n<p>The buyer picked up the asset through a joint venture with MetroLoft and has landed a <a href=\"https:\/\/www.multihousingnews.com\/manhattan-office-to-residential-project-receives-218m\/\" target=\"_blank\" rel=\"noreferrer noopener\">$218 million construction loan<\/a> from Apollo Global Management. The duo plans an office-to-residential conversion at the building, turning it into a 614-unit apartment community.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.propertyshark.com\/mason\/Property-Report\/?propkey=9676\" target=\"_blank\" rel=\"noreferrer noopener\">410 W. 13th St., Manhattan<\/a><\/li>\n<\/ul>\n\n\n\n<p>Sale Price: $71 million<\/p>\n\n\n\n<p>British company EPIC has sold the 66,893-square-foot property also known as 15 Little W. 12th St. to TPG Angelo Gordon.<\/p>\n\n\n\n<p>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.<\/p>\n\n\n\n<p>Completed in 2008, the five-story creative office building includes 24,051 square feet of retail space and is in the borough\u2019s Meatpacking District.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.propertyshark.com\/mason\/Property-Report\/?propkey=7748\" target=\"_blank\" rel=\"noreferrer noopener\">185 Varick St., Manhattan<\/a><\/li>\n<\/ul>\n\n\n\n<p>Sale Price: $63 million<\/p>\n\n\n\n<p>Avdoo &amp; 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.<\/p>\n\n\n\n<p>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, <a href=\"https:\/\/therealdeal.com\/new-york\/2025\/12\/29\/avdoo-closes-on-63m-hudson-square-development-site\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">according to <em>The Real Deal<\/em><\/a>.<\/p>\n\n\n\n<p>\u2014Posted on Feb. 25, 2026<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A list of New York City\u2019s largest office transactions, collected monthly by PropertyShark.<\/p>\n","protected":false},"author":2991,"featured_media":1004788788,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[37753,37756,1600,10,37789,37749],"tags":[52395],"class_list":["post-1004788496","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-research-center-finance","category-rc-investment","category-new-york","category-northeast","category-rc-office-nyc-spotlight","category-research-center-cpe","tag-propertyshark"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Top 5 NYC Office Building Sales\u2014January 2026 - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"A list of the five biggest office transactions in New York City, collected monthly by PropertyShark. 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