Vornado Realty Trust paid $35M to J. Crew Group, Inc

Vornado Realty Trust through the entity 770 Broadway Owner, LLC paid J. Crew Group, Inc $35.0 million for a lease buyout 1 parcel, including the tax class miscellaneous office building (O9) at 756 Broadway in East Village. The deal closed on June 28, 2019 and was recorded on August 01, 2019. The parcel(s) have total development potential of 940,000 square feet.
The average sale price per square foot is $37.

The last time the property sold was December 21, 2017, for $45,775,000.
The DOB issued a major alteration (A1) initial temporary certificate of occupancy for the building on October 15, 2014.
Over the past five years, there have been 112 NYC Department of Buildings permit applications filed for this parcel. There were 2 major renovation applications including a certificate of occupancy change (A1) filed with a total estimated value of $8,872,690. There were 110 renovation/alteration projects (A2) applied for with a total estimated value of $85,533,446.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link