Mercy College inks deal valued at $88M with SL Green Realty for Herald Square condos

Mercy College signed a deal with SL Green Realty’s Herald Square Sublessee LLC valued at $88.4 million for 2 commercial condominiums, including the tax class commercial real estate (CR) at 1328 Broadway also known as 2 Herald Square, in the Garment District. The deal closed on August 23, 2019 and was recorded on September 03, 2019.

The condominium sale, covering 95,370 square feet, is limited to 30 years, according to the Commercial Observer.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link
A recent story on the property. link.

Share this article