410 Tenth Avenue
The building at 410 10th Avenue in Manhattan is an office and retail property totaling 665,684 square feet and running to 20 stories. The vast majority of the square footage is office.
The building—also known as 410 Tenth Avenue and 460 West 34th Street—is best-known for being the subject of the largest U.S. office building sale during the coronavirus pandemic. In November 2020, majority owner SL Green Realty Corp., one of New York City’s largest landlords, announced it was selling control to the 601W Companies for $952.5 million. (SL Green would retain a 5 percent stake.)
The 601W Companies closed on the sale and a $705 million commercial mortgage-backed securities loan behind it in December.
SL Green had acquired a more than 70 percent stake in 410 Tenth from the Kaufman Organization in 2018 in an off-market deal that valued the building at $440 million, according to the Wall Street Journal. A May 2019 property record filed with the city showed a $291.73 million trade between SL Green and Kaufman.
After its purchase, SL Green undertook a redevelopment of the property that continued into the end of 2020. Along the way—and perhaps because of the redevelopment plans—the landlord signed Amazon to a more than 335,000-square-foot lease to anchor the property. First Republic Bank leases about 212,000 square feet there, as of late 2020.
The property dates from 1927, and is also known by its original function: the Master Printers Building. It benefits from a fortuitous location across 10th Avenue from the massive Hudson Yards development.
