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Manhattan's 599 Broadway Office Building Suffers 80% Valuation Write-Down

Jeff Sutton’s 599 Broadway office property in Manhattan sees its valuation slashed by 80% due to market conditions.

By Colin Percy · May 26, 2026

The valuation of 599 Broadway, a commercial property in Manhattan owned by developer Jeff Sutton, has been reduced by 80%. The sharp decline reflects shifting market valuations for mid-market office assets in New York City.

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Jeff Sutton

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