Overview
- SL Green will retain the 26,000 square feet of office space on floors three through five, keeping the building’s commercial component in its portfolio.
- The 34‑story property includes 209 rental residences that are 99% leased and roughly 17,000 square feet of flagship retail space.
- The transaction is under a signed contract and is expected to close in the second quarter of 2026 subject to customary conditions.
- GO Residential plans to fund the 7 Dey purchase with a reported $150 million fixed‑rate loan alongside equity raises, as part of a broader financing program.
- Concurrently, GO agreed to acquire a majority stake in 409 Eastern Parkway for $217 million, pushing its New York portfolio toward more than 3,000 apartments, with JLL representing SL Green and Prince Realty Advisors representing the buyer.