BXP putting 7 Times Square ground lease on the market
BXP is trying its hand at a nine-figure deal in the heart of Manhattan. Owen Thomas’ firm is seeking to sell the ground lease tied to 7 Times Square, the Commercial Observer reported. BXP is reportedly expected to ask between $700 million and $750 million for the 1.2 million-square-foot property. What’s unclear is whether or not that asking price pertains to the entire ground lease, or the majority stake BXP possesses. Eastdil Secured’s Will Silverman, who is marketing the ground lease with Gary Phillips, did not respond to a request for comment from The Real Deal and declined to comment […]
This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
The Summer 2026 Rent-to-Payment Report: Where You Can Still
Cash Flow With Real Estate
From Handwritten Letters to 14 Units: How a College Freshman
With No Credit Built a Cash-Flowing Portfolio
Zillow: $1,000/Month Cash Flow Exists in These
Markets
Citywide ballot measures pitch faster permitting,
procurement
295 Fifth Ave owners push for revival with
refinancing
Turret takes over debt on troubled Upper East Side condo
buildings
Park Slope fixer-upper tops Brooklyn’s luxury contracts
after 34% price cut
Former Mets ace strikes neighborhood peak with $26M Soho
flip
Is Mamdani’s “tenant equity” program oxymoronic? Or just
moronic?
