SL Green Realty Corp. has entered into a contract to purchase 450 Park Ave. in Midtown Manhattan for $445 million from Oxford Properties. The transaction is expected to close in the second quarter, subject to customary closing conditions.
Located at the corner of 57th Street and Park Avenue, 450 Park Ave. is a prominent 33-story class A tower designed by Emery Roth & Sons, totaling 337,000 square feet of luxury office and prime retail space. Offering sweeping views of the Midtown Manhattan skyline, the property is home to several high-end boutique financial services and luxury tenants, including Banco Bradesco, BDT Capital Partners and Oxford Properties. In addition, the corner retail location will soon be home to Aston Martin’s first-ever Manhattan showroom. As part of its planned capital investment plan, SL Green will develop a new amenity offering, providing high-quality, tailored programs and services for building tenants.
“Our investment in 450 Park Avenue