Vacant Office Component of Midtown East Building Selling for $100.5M

The entire office component of 609 Fifth Avenue, which totals about 96,077 square feet, is in contract to sell to an undisclosed domestic investor. The pending condo unit sale by SL Green Realty is expected to close by the end of June 2022, having attracted a price of $100.5 million, or about $1,046 per square foot. News of the deal for the vacant office space comes about two years after the REIT sold the approximately 27,854-square-foot retail condo at the base of the 13-story tower to a Reuben Brothers affiliate for roughly $165 million, or about $5,922 per square foot.