SOLD
Sinai Equity Group Acquires Office Building In Newark For $49.4M
520 Broad Street
Office
500,000 SF
500,000 SF
Sold 1 year ago
Summary
Sale
NEW JERSEY
Office
500,000 sqft
520 Broad St, an office property located in Newark, was recently sold in a transaction worth $49,400,000. The property spans 500,000 square feet, resulting in a price per square foot of $99. The sale took place on August 29, 2022, and the buyer was Sinai Equity Group.
Summary of transation details
- Property Type: Office
- Transaction Amount: $49,400,000
- Address: 520 Broad St, Newark
- Square Footage: 500,000
- Price per Square Foot: $99
In this transaction, Rafael Holdings Inc, represented by Bill Conkling, acted as the seller. The seller's representatives from Cushman and Wakefield were David Bernhaut, Andrew Merin, Frank DiTommaso, and Ryan Larkin.
Players
All
5
Agents
4
Agencies
1
Details
SOLD
IMAGE: Bill Conkling
DATE: 08/29/2022
ADDRESS: 520 Broad St
MARKET: Newark
ASSET TYPE: Office
BUYER: Sinai Equity Group
SELLER: Rafael Holdings Inc - Bill Conkling
SELLER'S REP: David Bernhaut, Andrew Merin, Frank DiTommaso & Ryan Larkin - Cushman and Wakefield (@CushWake)
SALE PRICE: $49,400,000
SF: 500,000 ~ PPSF: $99View on map
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Address520 Broad Street
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