The iconic 1,030,000 square foot IBM building at 590 Madison Avenue sold for just over $1,000 a square foot in the November of 2025. This is a pre - COVID level price which should be a good sign for class A office building sales. Other recent sales have not been quite at that level. The 300,000 6 East 43rd Street sold in October of 2025 for $135 million, or $450 a square foot. It may be repositioned for residential use (CO 10/14/25). In August of 2025 the 283,465 square foot office building at 3 East 54th Street sold for $188 million, or $663 a square foot. At the same time, the 382,500 square foot 623 Fifth Avenue sold for $218 million, or $569 a square foot. (CO 9/9/25). In September of 2025 the 993,905 RSF 1177 Avenue of the Americas sold for $571 million, or $611 a square foot (CO 9/9/25). In April 6 East 43rd Street, a well maintained modern 300,000 square foot skyscraper, sold for $466.00 a square foot. It will probably be converted into apartments. (CO 5/27-25) The February 2025 sale (to B & H) of the 307,000 square foot 333 West 34th Street was for $150 million, or $488 a square foot. Brookfield Properties had paid $255 million in 2018. (CO 3/25/25). I wonder who did the due diligence on that sale!!! The January 2025 sale of the 1.2 Million square foot 2 Park Avenue was for $360 million, or $300 a square foot. The seller had paid $519.4 million for it in 2007 (CoStar 1/9/25). In February, 2025, a pair of buildings (229 West 36th Street and 256 West 38th Street), with a combined 268,635 square feet, sold for $50 million, or a very low $186 a square foot (CO 3/11/25). In January of 2025, 1370 Broadway, a 275,000 square foot office building sold for $76 million, or $274 a square foot. Invesco had paid $186 million for it in 2014. Yikes. (CO 1/28/25). Also in January, 2025, 470 Park Avenue South sold for $147.5 million, or $491.00 a square foot, at a $100 million loss for the seller who had purchased it in 2018 (CO 1/14/25). In October of 2024 292 Madison, a 26 story art deco tower at 40th and Madison, sold for “around” $40 million, or $450 a square foot. In June of 2024 180 Maiden Lane ( a 1.2 million square foot glass tower in the Financial District) sold for $247.00 a square foot. The 165,000 square foot Garment District building at 240 West 35th Street traded at the same time for $30 million, or $181.00 a square foot, having sold for $108 million in 2016 (CO 7/16/24). Yikes. In August of 2024 the 51,853 square foot building at 152 West 36th Street sold for $23.8 million, or $458 a square foot. The buyer is going to add onto the building and market it for storage. (CO 9/24/24). In May of 2024, the 220,000 square foot building at 321 West 44th Street sold for $50,000,000, or $227 a square foot. The seller lost an astounding $103,000,000 from its 2018 purchase price. (CO 6/18/24). In March of 2024, the 98,556 square foot 129 West 29th Street sold for $314.00 a square foot (CO 4/23/24). 529 Fifth Avenue, a 254,123 square foot building, sold for $105M, or $400 per square foot, in March of 2023 (CO 4/4/23). The 684,500 square foot 175 Water Street closed in October of 2022 for $252 million, or $368.00 a square foot (CO 10/18/22). That would be way below the cost of land plus construction.