SL Green snaps up Ashkenazy’s 690 Madison through foreclosure

SL Green Realty has gained control of Ashkenazy Acquisition’s 690 Madison Avenue for what appears to be a discount. The major Manhattan landlord paid transfer taxes on about $74 million, just under 65 percent of what Ashkenazy paid for the property in 2015, according to property records. PincusCo first reported the transaction, but did not specify a price tag. SL Green in September held a UCC foreclosure auction of an Ashkenazy entity that owns the