AEW Capital Acquires Office Property In Manhattan For $1.48B
1 New York Plaza, 1 Fdr Dr, New York, Ny 10004, Usa
$1,488,000,000
$13,359/SF
Building Size
111,382 SF
Asset Type
Office
Closing
Dec 20, 2016
About this deal
AI
Located at 1 Water Street, also known as One New York Plaza, in Manhattan, this office property was recently sold in a closed transaction. The sale took place on December 21, 2016, with a selling price of $1,488,000,000. The property is situated in the bustling city of New York and is classified as an office asset.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $1,488,000,000
- Price Per Square Foot: $585
- Address: 1 Water Street (One New York Plaza)
- City: New York
- Market: Manhattan
The seller of this office property is Brookfield Property Partners, while the buyer is AEW Capital. These two companies were involved in the closed transaction, conducted on December 21, 2016. The sale price of $1,488,000,000 translates to a price per square foot of $585, highlighting the value of this office asset in the Manhattan market.
On the Map
$1,488,000,000
$13,359/SF
Office
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Players
New York Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.01%
Cash-on-Cash
-0.00%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93