SOLD
NYC HDC Acquires Office At 120 Broadway From Silverstein For $52.7M
120 Broadway
Office
109,000 SF
109,000 SF
Sold 29 days ago
Summary
Sale
NEW YORK
Office
109,000 sqft
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.
Players
All
3
Agents
2
Agencies
1
Details
SOLD
IMAGE: Kevin Sullivan, Lance Korman, Keith Cody, Joseph Artusa & Harlan Strader
DATE: 04/09/2024
ADDRESS: 120 Broadway
MARKET: Financial District
ASSET TYPE: Office
BUYER: New York City Housing Development Corporation
SELLER: Keith Cody, Joseph Artusa & Harlan Strader - Silverstein Properties (@SilversteinProperties)
BROKERS: Kevin Sullivan & Lance Korman - Newmark (@Newmark)
SALE PRICE: $52,700,000
SF: 109,000 ~ PPSF: $483
NOTE: The New York City Housing Development Corporation (HDC) sealed a deal with Silverstein Properties at 120 Broadway, with HDC paying $52.7 million to own its 109,000-square-foot office space in the tower permanently.View on map
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