Posted Sep 12, 2025, 2:48 AM
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New Yorker for life
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Join Date: Jul 2001
Location: Borough of Jersey
Posts: 56,623
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Keeping an eye on this, just down the street…
https://therealdeal.com/new-york/2025/09/11/jpmorgan-puts-125-west-55th-street-for-sale/
JPMorgan offers Plaza District office building at big discount
Bank’s asset arm eyes $270M for 125 West 55th Street — half of what it sought pre-pandemic
By Rich Bockmann
September 11, 2025
Quote:
JPMorgan is looking to sell a Plaza District office building for $270 million — roughly half of what it was asking for right before the pandemic hit five years ago.
The bank’s asset management arm put up for sale the 23-story building at 125 West 55th Street, known as Avenue of the Americas Plaza, The Real Deal has learned.
The asking price of $270 million is roughly half of the $550 million it was asking when it put the building up for sale in January of 2020.
The building is now about half empty, with the majority of vacant space concentrated in the upper floors, which command the highest rents.
The asking price for the roughly 587,000-square-foot building works out to about $450 per square foot.
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