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44 Wall St, New York, NY 10...

Gaedeke Group Acquires 44 Wall Street Office Building In FIDI For $200M
SOLDOffice

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

Peter Duncan

Gaedeke Group

Buyer

$200M

vol

2 deals

Buyer
GG
Gaedeke GroupBuyer

Kathleen McCarthy

Blackstone

Seller

$5.1B

vol

9 deals

Seller
Blackstone
BlackstoneLender

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