Vornado Realty Trust Completes $218 Million Acquisition of New York City Office Asset-March 2024-www.financetom.com

Vornado Realty Trust Completes $218 Million Acquisition of New York City Office Asset

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Vornado Realty Trust Completes $218 Million Acquisition of New York City Office Asset

Sep 8, 2025 2:37 PM

05:15 PM EDT, 09/08/2025 (MT Newswires) -- Vornado Realty Trust ( VNO ) said late Monday it has closed its $218 million purchase of the 623 Fifth Avenue office condominium, a 36-story property in Manhattan, New York City.

The building is about 75% vacant, and Vornado said it plans to reposition and redevelop the site into a premier class A boutique office building.

Shares of the real estate investment trust were down more than 2% in after-hours activity.

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