/

|

Amazon has bought a struggling Midtown Manhattan office property from RFR Realty. The purchase price for the 23-story, 595,430-square-foot building at 522 Fifth Ave. has not been disclosed. The vacant asset had been in foreclosure.

SL Green is reported to have bought the property’s debt at a large discount, for just $134 million, after the building entered foreclosure last June.

An SL Green spokesperson told Commercial Property Executive that the company “previously held a mortgage loan investment position in the office condo at 522 Fifth Ave. The loan has been satisfied, and SL Green no longer holds an ownership position in the asset.”