trending Market Intelligence /marketintelligence/en/news-insights/trending/3KnpZPmIOOgTDb_osKe6rA2 content esgSubNav
In This List

SL Green buys into Manhattan, NY, residential property

Case Study

An Investment Bank Taps S&P's Real Estate Modeling Expertise

Blog

FIMA EUROPE 2023: Exploring the Intersection of Data, Governance, and Future Trends in Finance

Podcast

Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)

Blog

Infographic: The Big Picture 2024 – Energy Transition Outlook


SL Green buys into Manhattan, NY, residential property

SL GreenRealty Corp. has exercised its option to acquire a 20% stake in a71-story residential property in Midtown Manhattan, N.Y.

The company said it was given the option to buy the stake ata valuation agreed upon in July 2014 when it originated a $50 millionmezzanine loan to TheMoinian Group for the construction of the 927,358-square-foot tower at 605 West42nd St., near the Hudson River. The loan was repaid before the stakeacquisition was closed.

The newly built luxury building, dubbed Sky, contains 1,176rental units and offers two sky-deck pools, a private park, a professional-sizebasketball court, a children's playground and a full-service spa, among otheramenities.