New York City · Commercial sale
Office building at 707 11th Avenue in Manhattan sells for $60 million
An office building at 707 11th Avenue, Manhattan sold for $60,000,000 on September 9, 2026. See the seller and buyer net sheets for this sale.
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- Sale price
- $60,000,000
- Sold
- September 9, 2026
- Property type
- Office building
- Building area
- 103,788 sq ft
- Price per sq ft
- $578
- Year built
- 1940
An office building at 707 11th Avenue sold for $60,000,000 on September 9, 2026, according to the New York City Department of Finance's ACRIS property records. The sale price was 2.5 times the $24,385,000 market value on record, according to the NYC Department of Finance's records.
The record lists Bcal 707 Property LLC as the seller and Wexford Investment Trust as the buyer. The deed covers 2 parcels. 707 11th Avenue is the largest one we could identify.
The NYC Department of Finance's records show 103,788 square feet of building area, a build year of 1940 and a 17,573-square-foot lot. The price works out to $578 per square foot.
This summary was written by AI from public sales records and checked by automated rules. The figures come from the record and the NetSheet.org rules engine. How we make these.
What were the closing costs in New York City?
By our estimate, the seller's two largest charges, not counting prorations, were $1,575,000 for the nYC real property transfer tax (commercial/other) and $240,000 for the nY State real estate transfer tax. Who pays what follows New York City custom.
How much did the seller net?
By our estimate, the seller netted about $58,830,600. That is before any broker commissions and any loan payoff.
How much cash did the buyer bring to closing?
A cash buyer would need about $60,974,872 at closing. That covers the full price and closing costs.
Source: NYC Department of Finance, ACRIS (NYC Open Data), document 2026091400232001. 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.
