Jeff Gural's GFP Real Estate Acquires 222 Broadway Office For $150M | 222 Broadway | Joshua (Josh) King, Adam Spies | Office | Sale

Summary

Sale

NEW YORK

Office

The office building at 222 Broadway in the Financial District is set to be purchased by Jeff Gural's GFP Real Estate for $150 million. This transaction marks a significant shift as the building, constructed in the 1960s, is slated for an office-to-residential conversion.

Summary of transaction details:

Property Type: Office
Transaction Amount: $150,000,000
Address: 222 Broadway
Market: Financial District
Buyer: Jeff Gural - GFP Real Estate
Brokers: Adam Spies & Joshua King - Newmark

Adam Spies and Joshua King from Newmark facilitated the deal between Jeff Gural's GFP Real Estate and the seller of the office building at 222 Broadway. This acquisition at a fraction of its previous price signifies the ongoing trend of repurposing commercial properties into residential spaces.

Players

All
3

Agents
2
Agencies
1

Joshua (Josh) King

Executive Vice Chairman

$10.2B Sold

Adam Spies

Co-Head of U.S. Capital Markets

$30.9B Sold

Newmark

Details

Deal Summary

SOLD

IMAGE: - IN CONTRACT IMAGE: Adam Spies, Jeff Gural & Joshua King DATE: 03/13/2024 ADDRESS: 222 Broadway MARKET: Financial District ASSET TYPE: Office BUYER: Jeff Gural - GFP Real Estate (@GFPRealEstate) BROKERS: Adam Spies & Joshua King (@JoshAdamKing) - Newmark (@Newmark) PRICE: $150,000,000 NOTE: Jeff Gural's GFP Real Estate is set to purchase the 1960s-era office building at 222 Broadway in the Financial District for $150 million, a fraction of its previous price, marking another significant office-to-residential conversion.

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Address222 Broadway

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