The Moinian Group Development Corp. entered into an agreement to acquire remaining 20% stake in Sky Residential Tower from SL Green Realty Corp. (NYSE:SLG) for approximately $53 million in April, 2021. Post closing of the transaction, The Moinian Group will become 100% owner of the Sky Residential Tower. In a separate transaction, SL Green is also selling its interests in 400 East 57th Street to A&E Real Estate. The transaction is subject to customary closing conditions and is expected to close in the second quarter of 2021. A team led by Gary Phillips and Wes Silverman of Eastdil Secured, L.L.C. acted as broker to SL Green Realty Corp. in the transaction. The Moinian Group Development Corp. completed the acquisition of remaining 20% stake in Sky Residential Tower from SL Green Realty Corp. (NYSE:SLG) for $54.5 million in June 2021. Consideration has been received in cash.