GFP Real Estate Acquires 100 Pearl Street Office In Financial District For $307M
100 Pearl St, New York, NY 10004, USA
$307,000,000
$613/SF
Building Size
500,500 SF
Asset Type
Office
Closing
Oct 3, 2019
About this deal
AI
The transaction involves the sale of an office property located at 100 Pearl Street in the Financial District. The property spans a total area of 970,000 square feet. The sale price for this transaction is $307,000,000, resulting in a price per square foot of $316.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $307,000,000
- Address: 100 Pearl Street
- Market: Financial District
Guardian Life Insurance is the seller in this deal, while GFP Real Estate is the buyer. The transaction was facilitated by brokers Adam Spies, Doug Harmon, Adam Donegar, Josh King, and Marcella Fasulo.
On the Map
$307,000,000
$613/SF
Office
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Players
Buffalo 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
0.05%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93