Carr Properties And Barings Acquire Office Building In Washington DC For $85 Million

1401 New York Avenue Northwest is an office building located in Washington, DC. The property features 210,260 square feet of space and was sold for $85,000,000, equating to a price per square foot of $404. BNP Paribas previously acquired the property in 2018 for $166.2 million.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $85,000,000
• Address: 1401 New York Avenue Northwest
• Market: Washington, DC
• Square Footage: 210,260
• Price per Square Foot: $404
• Buyer: Carr Properties & Barings
• Seller: BNP Paribas

The transaction involved Carr Properties and Barings as the buyers, while BNP Paribas was the seller. This sale represents a significant decrease in value compared to the previous purchase made by BNP Paribas in 2018.