{"id":1004795956,"date":"2026-04-27T12:14:01","date_gmt":"2026-04-27T20:14:01","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004795956"},"modified":"2026-04-27T00:04:13","modified_gmt":"2026-04-27T08:04:13","slug":"top-5-nyc-office-building-sales-march-2026","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/top-5-nyc-office-building-sales-march-2026\/","title":{"rendered":"Top 5 NYC Office Building Sales\u2014March 2026"},"content":{"rendered":"<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6a30143843dd3&quot;}\" data-wp-interactive=\"core\/image\" class=\"aligncenter size-large wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"266\" data-attachment-id=\"1004795977\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/top-5-nyc-office-building-sales-march-2026\/0526_cpe_ps_office\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/0526_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=\"0526_CPE_PS_office\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/0526_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\/04\/0526_CPE_PS_office.jpg?w=800\" alt=\"A chart of the top 5 NYC office sales of March 2026\" class=\"wp-image-1004795977\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/0526_CPE_PS_office.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/0526_CPE_PS_office.jpg?resize=300,100 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/0526_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=12498&amp;lcl=nyc#section_general\" target=\"_blank\" rel=\"noreferrer noopener\">40 W. 25th St., Manhattan<\/a><\/li>\n<\/ul>\n\n\n\n<p>Sale Price: $51 million<\/p>\n\n\n\n<p>Kaufman Organization has sold the 12-story office building in the borough\u2019s NoMad neighborhood to an entity associated with Kaufman Investments and Two Sigma, a technology-driven investment management company. The new ownership secured $47.2 million in acquisition funds from Metropolitan Life Insurance Co. through three notes.<\/p>\n\n\n\n<p>The 128,965-square-foot property changed hands at a 58 percent discount from its previous sale. In 2019, Japanese company Unizo Holdings sold the asset for $121.5 million to a joint venture between Kaufman Organization and AXA Financial.<\/p>\n\n\n\n<p>The 1913-built property includes 29,965 square feet of retail space and was last upgraded in 2012.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.propertyshark.com\/mason\/Property-Report\/?propkey=7406#section_general\" target=\"_blank\" rel=\"noreferrer noopener\">88 University Place, Manhattan<\/a><\/li>\n<\/ul>\n\n\n\n<p>Sale Price: $46 million<\/p>\n\n\n\n<p>CIM Group has sold the 70,642-square-foot office building to Acram Group. The building traded after the previous ownership foreclosed on their loan, following a series of predicaments.<\/p>\n\n\n\n<p>Back in 2015, WeWork Co-Founder Adam Neumann and fashion designer Elie Tahari paid $70 million for the property at 88 University Place. After the pandemic and IBM\u2019s exit left a significant vacancy, Arch Cos. purchased an ownership stake in the asset in 2022.<\/p>\n\n\n\n<p>The co-owner then secured a $71 million loan from CIM Group and defaulted on it a year later. CIM Group foreclosed and <a href=\"https:\/\/www.commercialcafe.com\/blog\/cim-forecloses-88-university\/\" target=\"_blank\" rel=\"noreferrer noopener\">took over the asset in 2024<\/a>.<\/p>\n\n\n\n<p>In the current deal, Acram Group purchased the property in partnership with Bulldog Real Estate Partners, <a href=\"https:\/\/therealdeal.com\/new-york\/2026\/03\/27\/cim-group-sells-88-university-place\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">according to <em>The Real Deal<\/em><\/a>. The new ownership wants to renovate the property, with plans to attract AI and tech tenants, according to the same source. BridgeInvest provided $46.3 million through three mortgages.<\/p>\n\n\n\n<p>The 1906-built property rises 11 stories and includes 5,500 square feet of retail space. It is in the Greenwich Village neighborhood and was previously upgraded in 2015.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.propertyshark.com\/mason\/Property-Report\/?propkey=1352#section_general\" target=\"_blank\" rel=\"noreferrer noopener\">168 Canal St., Manhattan<\/a><\/li>\n<\/ul>\n\n\n\n<p>Sale Price: $40.5 million<\/p>\n\n\n\n<p>George Comfort &amp; Sons and ASB Real Estate Investments have sold a 39,224-square-foot mixed-use property in Chinatown to four buyers. Dunn, Pariser &amp; Peyrot is the majority owner, while Power Express Mortgage, Patriot Real Estate Holdings and a private individual hold a minority stake.<\/p>\n\n\n\n<p>The buyers secured a $33.6 million acquisition loan originated by Urban Standard Capital. The acquisition price was 35 percent lower than at it&#8217;s previous trade in 2013, back when ASB paid $61.9 million for it in an all-cash deal.<\/p>\n\n\n\n<p>The six-story property includes 12,266 square feet of retail space and dates back to 1915.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.propertyshark.com\/mason\/Property-Report\/?propkey=950591#section_general\" target=\"_blank\" rel=\"noreferrer noopener\">350 Hicks St., Brooklyn<\/a><\/li>\n<\/ul>\n\n\n\n<p>Sale Price: $33.2 million<\/p>\n\n\n\n<p>Madison Realty Capital has sold the development site at 350 Hicks St., to Sunlight Development.<\/p>\n\n\n\n<p>The former property on the site was a mixed-use building with 48 apartment units and 75,418 square feet of office space.<\/p>\n\n\n\n<p>Fortis Property Group purchased the property in 2015 and proposed a three-building condominium project at the address, including the adjacent 95 Pacific St. and 5 River Park. The project was the second phase of River Park, a development situated at the former Long Island College Hospital. While its early phases are completed, the second phase involving 350 Hicks St. faced construction delays.<\/p>\n\n\n\n<p>Madison Realty Capital took over the site in 2022 from Fortis but the initial plans were not completed. The new owner secured a $17.5 million loan provided by S3 Capital. Plans for the empty development site have not yet been disclosed.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.propertyshark.com\/mason\/Property-Report\/?propkey=961718#section_general\" target=\"_blank\" rel=\"noreferrer noopener\">21-02 49th Ave., Queens<\/a><\/li>\n<\/ul>\n\n\n\n<p>Sale Price: $28 million<\/p>\n\n\n\n<p>Pearl Realty Management has purchased the Paragon Building in Long Island City, N.Y., from BrightSpire Capital. The deal closed at a 56 percent discount compared to the property\u2019s 2023 trade, when Related Fund Management sold it for $64.3 million.<\/p>\n\n\n\n<p>The 129,087-square-foot office building rises seven stories and is in the borough\u2019s Sunnyside neighborhood. It dates back to 1916, was last upgraded in 2017 and 13,765 square feet of retail space.<\/p>\n\n\n\n<p>\u2014Posted on April 27, 2026<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Here are New York City\u2019s largest office transactions, rounded up monthly by PropertyShark.<\/p>\n","protected":false},"author":2991,"featured_media":1004795978,"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-1004795956","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) - 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