Nightingale Properties & Wafra Capital Acquire Office Building At 111 Wall St. In FiDi For $175M
111 Wall St, New York, NY 10005, USA
$570,000,000
$57/SF
Building Size
9,902,500 SF
Asset Type
Office
Closing
Oct 2, 2019
AI
The office property located at 111 Wall St. in the Financial District (FiDi) has been sold in a closed transaction. The property spans a total square footage of 990,250 and was sold for a price of $175,000,000, resulting in a price per square foot of $176. The property was acquired by Nightingale Properties and Wafra Capital, while the seller was Zurich Insurance Group.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $175,000,000
- Square Footage: 990,250
- Price per Square Foot: $176
- Address: 111 Wall St.
- Market: FiDi
The sale transaction was facilitated by the brokers from Newmark Knight Frank, namely Evan Layne and Brett Siegel. They represented the parties involved in the deal but are not the buyers, sellers, landlords, or tenants themselves.
Players
New York Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.03%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93