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

Property Image
SOLD
$52,700,000
Lance Korman
Kevin Sullivan

New York

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Office109,000 SF
Sold
the dealplayerscompscontact
Property Image
SOLD

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

120 Broadway

See Similar Deals
Office109,000 SF
Sold
Lance Korman
Kevin Sullivan
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$483
Total Square Footage:109000 SF
Transaction Type:Sale

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

Lance Korman
Newmark
Lance Korman
9 deals$52.7M volume
BROKER
Kevin Sullivan
Newmark
Kevin Sullivan
10 deals$52.7M volume
BROKER

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.

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