Gaedeke Group Acquires 44 Wall Street Office Building In FIDI For $200M
44 Wall St, New York, NY 10005, USA
$200,000,000
$565/SF
Building Size
354,000 SF
Asset Type
Office
Closing
Mar 10, 2020
AI
The Gaedeke Group, led by Peter Duncan and Sabine Gaedeke Stener, has acquired an office property located at 44 Wall Street in the Financial District (FiDi) market. The property spans a total of 354,000 square feet, with a transaction price of $200,000,000. The price per square foot comes to $564, demonstrating the value of this prime office asset.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $200,000,000
- Square Feet: 354,000
- Price per Square Foot: $564
- Address: 44 Wall Street
- Market: FiDi
The Gaedeke Group made this significant acquisition, showcasing their strong presence in the commercial real estate market. Led by Peter Duncan and Sabine Gaedeke Stener, they continue to make strategic investments in properties that align with their investment objectives.
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