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SL Green Sheds Midtown Office Tower in $312 Million Deal

Manhattan’s largest office landlord, SL Green Realty Corp., has finalized the sale of 10 East 53rd Street for $312.2 million. The transaction, involving a 37-story Midtown East asset currently holding a 92% occupancy rate, marks a significant shift in the firm’s portfolio composition within the competitive Fifth and Madison corridor.

Bio & NewsAugust 19, 2026534 reads0

The legal strategy for the divestment was spearheaded by Greenberg Traurig, specifically New York Real Estate Practice Co-Chair Adam M. Goldstein. His team, including associates Shimmy Friedlander and Tatiana Codner alongside paralegal supervisor Tana Brkani, managed the complex transfer of the 390,000-square-foot property. This sale follows a string of recent collaborations between the two entities, most notably the divestment of a joint venture interest in the 346 Madison Avenue development. By offloading this high-occupancy Midtown asset, SL Green continues its tactical adjustment of real estate holdings amidst broader market fluctuations.

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