SL Green Realty Corp. has agreed to sell the residential and retail portions of 7 Dey St. in Lower Manhattan to Toronto-based GO Residential in a transaction valued at $222.6 million. Under the contract, SL Green will retain the approximately 26,000-square-foot office component, keeping an ownership interest in the property while monetizing the building’s residential and retail space. The closing is anticipated to occur in the second quarter of 2026, subject to customary conditions.
The property is positioned directly across from the Fulton Transit Center, anchoring it in one of Lower Manhattan’s most transit-accessible locations. The mixed-use building totals about 260,000 square feet and includes 209 rental apartments above the commercial space. The combination of residential units, ground-level retail and upper-floor office space makes 7 Dey St. a diversified asset within the broader Lower Manhattan market.
In commenting on the agreement, Harrison Sitomer, president and CIO of SL Green, described the sale as part of a broader strategy to highlight and unlock value embedded in select assets within the firm’s portfolio. He noted that the transaction allows SL Green to crystalize value from what he characterized as best-in-class new construction residential and retail components, while continuing to own three office floors that could generate additional value over time.
GO Residential, based in Toronto, is the buyer of the residential and retail interests at 7 Dey St., marking an international capital allocation into Lower Manhattan mixed-use product. The deal structure separates the office component from the income streams tied to the apartments and retail, creating distinct investment profiles for the different pieces of the asset.
JLL Capital Markets advised on the transaction, with Drew Isaacson and Rob Hinckley representing SL Green. On the buy side, David Ash of Prince Realty Advisors represented GO Residential. Their roles underscore continued intermediary involvement in matching institutional owners with cross-border buyers for New York mixed-use properties.
