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44 Wall St, New York, NY, 1...

Gaedeke Group Acquires 44 Wall St New York From Blackstone Group For $200M
SOLDOffice

Gaedeke Group Acquires 44 Wall St New York From Blackstone Group For $200M

44 Wall St, New York, NY, 10005

$200,000,000

$565/SF

Building Size

354,000 SF

Asset Type

Office

Closing

Mar 11, 2020

AI

The property asset involved in the transaction is located at 44 Wall St, New York, NY, 10005. It was sold for a transaction amount of $200,000,000.00, encompassing a total square footage of 354,000 in a prominent market notably characterized by the presence of major financial institutions.

Summary of transaction details:

  • Property Type: Sale
  • Transaction Amount: $200,000,000.00
  • Address: 44 Wall St, New York, NY, 10005
  • Market: New York
  • Buyer: Gaedeke Group
  • Buyer's Representative: Gentry Ashmore Hoit-Finback Real Estate
  • Seller: Blackstone Group

The transaction was facilitated by Gentry Ashmore representing the buyer, Gaedeke Group, and the seller in this deal was the Blackstone Group. This collaboration emphasizes the roles played by the respective representatives in navigating the complexities of the property transaction.

Players

Gentry Ashmore Hoit

Broker

$200M

vol

1 deal

Broker
Hodges Ward Elliott
Hodges Ward ElliottBrokerage
Blackstone
BlackstoneSeller

New York Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.08%

Cash-on-Cash

-0.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93