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
New York Office Market Snapshot
Boundary boundary · Office · Sale transactions
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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