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80 Broad Street

One Investment Management Acquires Multifamily Asset At 80 Broad Street For $300 Million
SOLDMultiFamily

One Investment Management Acquires Multifamily Asset At 80 Broad Street For $300 Million

80 Broad Street

$300,000,000

$697/SF

Building Size

430,000 SF

Asset Type

MultiFamily

Closing

Mar 26, 2026

AI

The property asset involved in this transaction is located at 80 Broad Street in the Financial District. It is classified as multifamily and spans a total area of 430,000 square feet. The transaction was completed at a sale price of $300,000,000, which translates to approximately $697 per square foot.

Summary of transaction details:

The key individuals and companies involved in the deal include sponsors Raymond Chalmé and Daniel Blanco from Broad Street Development, along with PCCP. The brokerage team representing the transaction consists of Adam Spies, Douglas Harmon, Adam Doneger, Joshua King, Marcella Fasulo, Avery Silverstein, and Willis Robbins from Newmark.

Players

Adam Doneger

Newmark

Broker

$50.5B

vol

192 deals

Broker
Avery Silverstein
Verified Badge

Avery Silverstein

Newmark

Broker

$15.1B

vol

65 deals

Broker
Broad Street Development
Broad Street DevelopmentBuyer
Daniel Blanco

Daniel Blanco

Broad Street Development

Buyer

$818.5M

vol

5 deals

Buyer
PCCP
PCCPBuyer

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.05%

Cash-on-Cash

-0.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93