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Jack Terzi Acquires Office Building At 14 Vesey St In FiDi For $20M

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SOLD
$20,000,000

New York

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Office40,000 SF
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Jack Terzi Acquires Office Building At 14 Vesey St In FiDi For $20M

14 Vesey St, Manhattan, New York, NY, USA

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Office40,000 SF
Sold
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Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$500
Total Square Footage:40000 SF
Transaction Type:Sale

The New York County Law Association has entered into a contract to sell their office building located at 14 Vesey St in the Financial District (FiDi) neighborhood. The property, which spans 40,000 square feet, is being sold to Jack Terzi, represented by his agency @JT_RE. The agreed sale price for the office space is $20 million, resulting in a per square foot price of $500. Brokers Daniel Kaplan and Timothy Sheehan from CBRE facilitated the transaction.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $20 million
  • Address: 14 Vesey St
  • Market: FiDi
  • Buyer: Jack Terzi (@JT_RE)
  • Seller: The New York County Law Association
  • Brokers: Daniel Kaplan and Timothy Sheehan (CBRE)
  • Square Footage: 40,000
  • Price per Square Foot: $500

The New York County Law Association, represented by @NYCountyLawyers, has made the decision to sell their office building located at 14 Vesey St in FiDi. Jack Terzi, the buyer, is acquiring the property through his agency @JT_RE. The deal was facilitated by brokers Daniel Kaplan and Timothy Sheehan from CBRE. This sale has a significant value of $20 million, with the office space covering an area of 40,000 square feet. The transaction was finalized at a price of $500 per square foot.

Players

Timothy (Tim) Sheehan
4 deals$96.5M volume
BROKER

Daniel (Dan) Kaplan
CBRE
54 deals$1.6B volume
BROKER

Jack Terzi
JTRE Holdings
13 deals$101.1M volume
BUYER

Jack Terzi
13 deals$101.1M volume
BUYER

Jack Terzi
13 deals$101.1M volume
BUYER

Details

SOLD
IMAGE: (In-contract) IMAGE: Dan Kaplan, Jack Terzi & Tim Sheehan DATE: 04/11/2019 ADDRESS: 14 Vesey St MARKET: FiDi ASSET TYPE: Office BUYER: @JT_RE - Jack Terzi SELLER: The New York County Law Assoc.🕵️‍♂️ @NYCountyLawyers BROKER: Daniel Kaplan & Timothy Sheehan @CBRE PRICE: $20M SF: 40K ~ PPSF: $500

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