SL Green sells Manhattan office for $103m
Transactions - OCTOBER 28, 2021

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SL Green sells Manhattan office for $103m

by Released

SL Green Realty Corp. has sold 590 Fifth Ave. in Manhattan for $103 million. The new owner was not disclosed.

“Closing on the sale of 590 Fifth Avenue at a price of $1,000 per square foot demonstrates the continued demand for well-located New York City office and retail properties,” said Harrison Sitomer, senior vice president of SL Green. “This profitable transaction is the latest step in the successful execution of our 2021 business plan, as we remain on track to meet or exceed our stated goals for the year.”

Located between 47th and 48th streets, 590 Fifth Ave. is a 19-story, 103,000-square-foot office building with prime retail space at the base. SL Green took ownership of the property in October 2020.

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