Sinai Equity Group Acquires Office Building In Newark For $49.4M

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.