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David Werner Acquires 40 Fulton St. Office Building In Financial District For $110M

Property Image
SOLD
$110,000,000
Brett Siegel
Evan Layne
Steven Roth
+ 2

New York

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Office251,000 SF
Sold 09/08/2022
the dealplayerscompscontact
Property Image
SOLD

David Werner Acquires 40 Fulton St. Office Building In Financial District For $110M

40 Fulton Street, New York City, New York 10038, United States

See Similar Deals
Office251,000 SF
Sold 09/08/2022
Brett Siegel
Evan Layne
Steven Roth
+ 2
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$438
Total Square Footage:251,000 SF
Transaction Type:Sale

The 29-story office building located at 40 Fulton Street in the Financial District has been sold in a transaction valued between $105 million and $110 million. The property, totaling 251,000 square feet, was acquired by investor David Werner from Vornado Realty Trust, represented by Steven Roth and Michael Franco.

Summary of transation details

  • Property Type: Office
  • Transaction Amount: $110,000,000
  • Address: 40 Fulton St.
  • Market: Financial District
  • Buyer: David Werner
  • Seller: Vornado Realty Trust - Steven Roth & Michael Franco
  • Brokers: Evan Layne & Brett Siegel - Newmark

This notable deal was brokered by Evan Layne and Brett Siegel from Newmark. The property boasts a desirable location in the bustling Financial District, offering potential for future growth and return on investment.

Players

Brett Siegel
Newmark
Brett Siegel
75 deals$6.4B volume(212) 372-0798
BROKER
Evan Layne
Newmark
Evan Layne
33 deals$4.5B volume(212) 372-2390
BROKER
David Werner
David Werner
17 deals$2B volume
BUYER
Steven Roth
Vornado Realty Trust
Steven Roth
45 deals$4.6B volume
SELLER
MF
Vornado Realty Trust
Michael Franco
1 deal$110M volume
SELLER

Details

SOLD
IMAGE: Brett Siegel, Evan Layne, Steven Roth & Michael Franco DATE: 09/08/2022 ADDRESS: 40 Fulton St. MARKET: Financial District ASSET TYPE: Office BUYER: David Werner SELLER: Vornado Realty Trust (@VornadoRealtyTrust) - Steven Roth & Michael Franco BROKERS: Evan Layne (@EvanLayne) & Brett Siegel (@BSieges) - Newmark (@Newmark) SALE PRICE: $110,000,000 SF: 251,000 ~ PPSF: $438 NOTE: The Steven Roth-led REIT is in contract to sell its 29-story office building at 40 Fulton Street to investor David Werner for between $105 million and $110 million

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