Rockpoint Group Buys One Dag Hammarskjöld Plaza for $600M

One Dag Hammarskjold Plaza/ Google Maps

NEW YORK CITY—The Rockpoint Group closed on their purchase of One Dag Hammarskjöld Plaza, a 50-story, glass office tower located at 885 Second Ave. The seller was Ruben Companies, the real estate firm run by CEO Richard Ruben. Industry sources indicate the selling price was approximately $600 million.

The 815,000 square-foot building located between E. 47th and E. 48th streets was constructed in 1971, according to Real Capital Analytics. Designed by Emery Roth and developed by Lawrence Ruben, the tower was named in honor of Dag Hammarskjöld, an economist from Sweden. He served as the second secretary-general of the United Nations. In 1961, he died in a plane crash heading to negotiations to end violence and warfare in the Republic of Congo.