Aby Rosen’s RFR buys GreenOak out of 285 Madison for $334M

Aby Rosen’s RFR Holding has bought the majority interest in 285 Madison Avenue from its partner GreenOak Real Estate, paying $334.1 million for GreenOak’s 85 percent stake, property records filed with the city Friday show. East End Capital and Downtown Properties retain minority stakes in the 28-story, 530,000-square-foot building, located in Midtown at East 40th Street. RFR and GreenOak paid $190 million, or just under $360 a foot, for the then-vacant property in 2012. The … [more]

Source: Real Estate

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