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Savanna Acquires Berkeley Building In Manhattan For $195M With Colliers As The Broker

Property Image
SOLD
$126,000,000

New York

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Office940 SF
Sold 07/03/2019
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Property Image
SOLD

Savanna Acquires Berkeley Building In Manhattan For $195M With Colliers As The Broker

45 W 45th St, New York, NY 10036, USA

See Similar Deals
Office940 SF
Sold 07/03/2019
Contact now

Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$134,042
Total Square Footage:940 SF
Transaction Type:Sale

The Berkeley Building, located at 19-25 W 44th Street in Manhattan, New York, was recently sold for a price of $195,000,000. The office building spans a total area of 293,000 square feet, resulting in a per square foot price of $660.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $195,000,000
  • Building Name: Berkeley Building
  • Address: 19-25 W 44th Street
  • City: New York
  • Market: Manhattan
  • Square Footage: 293,000
  • Square Footage Price: $660

The seller of the Berkeley Building was Deka Immobilien, while the buyer was Savanna. The deal was facilitated by Richard Baxter and Robert Stamm of Colliers International.

It is worth noting that Deka Immobilien acquired the property from SLGreen in 2010 for $123.2 million.

Players

Ariel Tambor
5 deals$342.2M volume
BROKER

Daniel Parker
21 deals$2.4B volume(212) 763-6615
BROKER

Paul Gillen
Hodges Ward Elliott
14 deals$1.5B volume
BROKER

BUYER

Details

SOLD
IMAGE: 07/31/2017 BUILDING NAME: Berkeley Building ADDRESS: 19-25 W 44th Street CITY: New York MARKET: Manhattan ASSET TYPE: Office PRICE: 195,000,000 SF: 293,000 SF PPSF: $660 SELLER: Deka Immobilien BUYER: Savanna BROKER: Richard Baxter, Robert Stamm of @Colliers NOTE: Deka purchased from SLGreen for 123.2M in 2010.

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