GO Residential pays $222.6M to SL Green Realty for rental in Financial District

GO Residential paid $222.6 million to SL Green Realty for a 209-unit rental condominium and a retail condominium at 183-185 Broadway and 7 Dey Street and in Financial District.
SL Green Realty disclosed the transaction on March 16, 2026, with the price of $222.6 million. The transfer prices in city property records, used in the descriptions below, total $220.5 million.

GO Residential through the entity GO Dey LLC paid $190 million to SL Green Realty through the entity 183 Broadway Owner LLC for the 209-unit rental condo at 7 Dey Street in Financial District, Manhattan. The expected use is cash flowing.
The deal closed on May 27, 2026 and was recorded on June 11, 2026. The property has 183,214 square feet of built space according to a PincusCo analysis of city data. The sale price per built square foot is $1,037 per the PincusCo analysis. (The price per square foot analysis is the transaction price divided by square feet as reported in public records and assumes no air rights have been sold.)

GO Residential through the entity GO Dey LLC paid $30.5 million to SL Green Realty through the entity 183 Broadway Owner LLC for the retail condo at 185 Broadway in Financial District, Manhattan. The expected use is cash flowing.
The deal closed on May 27, 2026 and was recorded on June 11, 2026. The property has 16,307 square feet of built space according to a PincusCo analysis of city data. The sale price per built square foot is $1,870 per the PincusCo analysis.

The signatory for SL Green Realty was Andrew S. Levine . The signatory for GO Residential was Max Kaufman . The contract date was March 10, 2026.

Prior sales, articles and revenue

Prior to this transaction, PincusCo has records that the buyer GO Residential purchased three properties in one transaction for a total of $339.5 million and has no record it sold any properties over the past 24 months.
The seller SL Green Realty purchased nine properties in nine transactions for a total of $1.4 billion and sold eight properties in seven transactions for a total of $867.6 million over the same time period.

The property

The rental condo with 209 residential units in Financial District has 183,214 square feet of built space according to a PincusCo analysis of city data. The parcel has a total lot size of 183,214 square feet. The city-designated market value for the property in 2022 is $96 million.

The retail condo in Financial District has 16,307 square feet of built space according to a PincusCo analysis of city data. The parcel has a total lot size of 16,307 square feet. The city-designated market value for the property in 2022 is $8.3 million.

Violations and lawsuits

There were no lawsuits or bankruptcies filed against the property for the past 24 months. In addition, according to city public data, the property has not received any significant violations in the last year.

Development

There are no active new building construction projects or major alteration projects with initial costs more than $1 million on this tax lot.

The block

On this tax block, PincusCo has identified the owners of six of the nine commercial properties representing 748,693 square feet of the 786,707 square feet. The identified owner is ASG Equities .
On the tax block, there was one new building construction project filed totaling 200,035 square feet. It is a 209-unit, 200,035 square-foot residential (R-2) building submitted by SL Green Realty and filed by Roger Merriman with plans filed July 27, 2018 and permitted February 19, 2020.

The majority, or 82 percent of the 786,707 square feet of built space are office buildings, with retail buildings next occupying 10 percent of the space.

The seller

The PincusCo database currently indicates that Sl Green Realty owned at least 50 commercial properties with 785 residential units in New York City with 22,418,824 square feet and a PincusCo-determined asset value of $21.3 billion. Within the portfolio, the bulk, or 77 percent of the 22,418,824 square feet of built space are office properties, with condo properties next occupying 16 percent of the space.

The buyer

The PincusCo database currently indicates that Go Residential Real Estate Investment Trust owned at least four commercial properties with 857 residential units in New York City with 1,189,297 square feet and a PincusCo-determined asset value of $794.7 million. Within the portfolio, the bulk, or 98 percent of the 1,189,297 square feet of built space are elevator properties, with industrial properties next occupying 1 percent of the space.

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