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

Property Image
SOLD
$300,000,000
Marcella Fasulo
Joshua King
+ 5

New York

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MultiFamily430,000 SF
Sold
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Property Image
SOLD

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

80 Broad Street

See Similar Deals
MultiFamily430,000 SF
Sold
Marcella Fasulo
Joshua King
+ 5
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$697
Total Square Footage:430000 SF
Transaction Type:Sale

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
185 deals$50B volume(516) 317-7837
BROKER

Avery Silverstein
Newmark
60 deals$14B volume(212) 850-5432
BROKER

Adam Spies
Newmark
256 deals$71.4B volume(212) 841-7500
BROKER

Douglas (Doug) Harmon
Newmark
126 deals$47.5B volume
BROKER

Joshua King
Newmark
111 deals$31.8B volume(212) 850-5427
BROKER

Marcella Fasulo
Newmark
90 deals$25.7B volume
BROKER

Willis Robbins
Newmark
14 deals$4.1B volume
BROKER

Broad Street Development
BUYER

Daniel Blanco
Broad Street Development
5 deals$818.5M volume
BUYER

PCCP
BUYER

Details

SOLD
IMAGE: RECAPITALIZATION IMAGE: Adam Spies, Joshua King, Adam Doneger, Douglas Harmon, Raymond Chalmé, Willis Robbins, Daniel Blanco, Avery Silverstein & Marcella Fasulo DATE: 3/27/2026 ADDRESS: 80 Broad Street MARKET: Financial District ASSET TYPE: Multifamily INVESTOR: One Investment Management SPONSOR: Raymond Chalmé & Daniel Blanco - Broad Street Development; PCCP BROKERS: Adam Spies, Douglas Harmon, Adam Doneger (@ADoneger), Joshua King (@JoshAdamKing), Marcella Fasulo (@MMFasulo), Avery Silverstein (@Avery.Morgan810) & Willis Robbins - Newmark (@Newmark) SALE PRICE: $300,000,000 SF: 430,000 ~ PPSF: $697 é

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$16,000,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$1,065,836.63
Cash-on-Cash Return-1.27%
Monthly Debt Service$1,422,153.05
Annual Debt Service$17,065,836.63