NYC HDC Acquires Office At 120 Broadway From Silverstein For $52.7M

The New York City Housing Development Corporation (HDC) purchased a 109,000-square-foot office space located at 120 Broadway in the Financial District. The property was acquired from Keith Cody, Joseph Artusa, and Harlan Strader of Silverstein Properties for $52.7 million, equating to $483 per square foot.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $52,700,000
• Buyer: New York City Housing Development Corporation
• Seller: Keith Cody, Joseph Artusa & Harlan Strader - Silverstein Properties
• Brokers: Kevin Sullivan & Lance Korman - Newmark
• Address: 120 Broadway
• Market: Financial District

Kevin Sullivan and Lance Korman from Newmark represented the buyer, HDC, in the transaction, negotiating with the sellers Keith Cody, Joseph Artusa, and Harlan Strader from Silverstein Properties.