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

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.