New York City · Commercial sale
10 East 53rd Gorp Property buys 10 East 53 Street in Manhattan for $310 million
An office building at 10 East 53 Street, Manhattan sold for $310,000,000 on August 5, 2026. See the seller and buyer net sheets for this sale.
- Sale price
- $310,000,000
- Sold
- August 5, 2026
- Property type
- Office building
- Building area
- 366,879 sq ft
- Price per sq ft
- $845
- Year built
- 1971
An office building at 10 East 53 Street in Manhattan sold for $310,000,000 on August 5, 2026, according to the New York City Department of Finance's ACRIS property records. The price is 76% above the market value on record, which stands at $175,652,000.
The record lists 10 East 53rd Gorp Property LLC as the buyer. The seller is 10E53 Owner LLC.
The NYC Department of Finance's records show 366,879 square feet of building area, a 1971 construction date and a 17,071-square-foot lot. At that size, the price works out to $845 per square foot.
An aerial photo of the property shows its setting: shops and offices around it.
What this sale costs to close
What does closing cost at this price? Under New York City custom the seller's larger charges are $8,137,500 for the nYC real property transfer tax (commercial/other) and $1,240,000 for the nY State real estate transfer tax. The seller's estimated net is $295,235,168 before brokerage commissions and any loan payoff. A cash buyer would need about $315,477,954 at closing.
Source: NYC Department of Finance, ACRIS (NYC Open Data), document 2026080600374008. Property details: NYC Department of Finance. Net sheets are estimates from the NetSheet.org rules engine, not the parties' actual closing statements. Request a correction or removal.
