Silverstein & Metro Loft Acquires Office Building At 55 Broad Street In New York City For $172.5M

55 Broad Street, an office property located in New York City, was recently sold in a transaction valued at $172,500,000. The property spans a total of 425,000 square feet, resulting in a price per square foot of $406.

Summary of transation details

• Property Type: Office
• Transaction Amount: $172,500,000
• Address: 55 Broad Street, New York City
• Market: New York City
• Buyer: Silverstein & Metro Loft
• Seller: Rudin - Bill Rudin, Michael Rudin & Neil Gupta
• Brokers: Eastdil Secured - Gary Phillips & Will Silverman
• Square Footage: 425,000
• Price per Square Foot: $406

The sale of 55 Broad Street involved several prominent individuals and companies. The buyer, Silverstein & Metro Loft, acquired the property from the seller, Rudin - Bill Rudin, Michael Rudin & Neil Gupta. The transaction was facilitated by the brokers from Eastdil Secured, Gary Phillips and Will Silverman.