1177 Avenue Of The Americas

Owner: Norges Bank Investment Management

Acquired: October 10, 2025, $572.3 million

Debt: October 10, 2025, $372 million

Built: 1988

Renovated: 2016

SF: 912,955

Dwelling units: 0

No. of buildings: 1

Class: Tower Type (O4)

Floors: 47

Legacy BBLs: 1009980135

Transactions:

• Norges Bank Investment Management and Beacon Capital Partners borrowed $372 million from Norges Bank Investment Management and Beacon Capital Partners for 1177 Avenue Of The Amer, Midtown West, Manhattan on October 10, 2025.

• Silverstein Properties and CalSTRS sold 1177 Avenue Of The Amer, Midtown West, Manhattan for $572.3 million to Norges Bank Investment Management and Beacon Capital Partners on October 10, 2025.

• Silverstein Properties borrowed $450 million from Wells Fargo for 1177 Avenue Of The Amer, Theater District/Times Square, Manhattan on October 21, 2021.

Development:

• Bill Dacunto filed major alteration job M01133369 for 912,955 sqft B building with 0 apartments in Midtown West, Manhattan, on January 22, 2025.

• Ralph Diruggiero filed major alteration job 103936920 for E building in Midtown West, Manhattan, on September 30, 2004.

• Mark Cornachio filed alteration job M01343602 for 32,000 sqft 56 building with 0 apartments in Midtown West, Manhattan, on February 10, 2026.

• Mark Cornachio filed alteration job M01344291 for 17,000 sqft 56 building with 0 apartments in Midtown West, Manhattan, on February 10, 2026.

• Mark Cornachio filed alteration job M01342953 for 17,000 sqft 56 building with 0 apartments in Midtown West, Manhattan, on February 10, 2026.

• Mark Cornachio filed alteration job M01344301 for 17,000 sqft 56 building with 0 apartments in Midtown West, Manhattan, on February 10, 2026.

• Mark Cornachio filed alteration job M01328372 for 350 sqft B building with 0 apartments in Midtown West, Manhattan, on January 06, 2026.

Violations:

According to city public data, the properties have received $6,890 in OATH penalties in the last year.

Latest Stories:

• Norges Bank, Beacon Capital pay $572.3M to Silverstein, CalSTRS for office in Midtown West, $372M borrowed (October 13, 2025)

• Silverstein signs $450M refi with Wells Fargo Deutsche for 1177 Sixth Ave in Midtown (October 22, 2021)

• Silverstein Properties files plans for $4M single-floor rehab of an office building in Times Square (November 04, 2020)