New York City's top office transactions in April 2026 saw five major deals, including the $380 million sale of 575 Fifth Ave. in Manhattan.
New York City’s office market recorded significant transaction activity throughout April 2026, highlighted by Sovereign Partners' acquisition of the 533,695-square-foot office and retail tower at 575 Fifth Ave. for $380 million. The deal, brokered by Eastdil Secured, included $268 million in financing from Ladder Capital. Other notable trades included G4 Capital Partners taking control of 206 Kent Ave. in Brooklyn for $65 million following a foreclosure, and Aurora Capital Associates acquiring the 52,727-square-foot Scribner Building at 597 Fifth Ave. for $54 million.
Rounding out the top deals, Spear Street Capital purchased the 34,364-square-foot office asset at 76 8th Ave. for $50.5 million with backing from DekaBank. Additionally, Gindi Capital acquired the 162,891-square-foot property at 25 Elm Place in Brooklyn for $40 million, securing a $50.4 million financing package from Athene Annuity & Life Co. to cover that asset along with two others.
DynamicDuo 55th LLC has filed a $40.6 million pre-foreclosure action against a building in Manhattan that Extell Development is reportedly seeking to acquire.
SL Green and Mori Building Co. form a joint venture to develop a 850,000-square-foot office tower at 346 Madison Avenue in Midtown Manhattan.
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