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GlobeNewswire·

SL Green Announces the Sale of 10 East 53rd Street

  • SL Green Realty Corp. sold 10 East 53rd Street to Meadow Partners for a total consideration of $312.2 million.
  • The transaction is expected to close in the third quarter of 2026 subject to customary conditions.
  • Net cash proceeds of approximately $100.0 million will be utilized for corporate debt repayment.
  • The sale represents a key component of SL Green's $2.5 billion 2026 strategic disposition plan.
  • The 37-story, 390,000 square foot property is located in East Midtown between Fifth Avenue and Madison Avenue.
  • The building is currently 92% leased.
  • SL Green acquired 100% ownership of the property in December 2024 after purchasing its partner's 45.0% interest for $236.0 million.
  • Newmark advisors Adam Spies, Adam Doneger, and Avery Silverstein represented the seller on the transaction.