facebook
Traded Co logo
Submit

Brookfield Acquires Office Asset In Midtown Manhattan For $510 Million From George Comfort Jamestown And Wells Fargo

Property Image
SOLD
$440,000,000
Marcella Fasulo
Joshua King
+ 4

New York

See Similar Deals
Office850,000 SF
Sold 06/05/2025
the dealplayerscompscontact
Property Image
SOLD

Brookfield Acquires Office Asset In Midtown Manhattan For $510 Million From George Comfort Jamestown And Wells Fargo

63 Madison Avenue

See Similar Deals
Office850,000 SF
Sold 06/05/2025
Marcella Fasulo
Joshua King
+ 4
Contact now

Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$517
Total Square Footage:850,000 SF
Transaction Type:Sale

This transaction involves an office asset located at 63 Madison Avenue in the Midtown Manhattan market. The property was sold for $510,000,000, encompassing a total area of 850,000 square feet, resulting in a price per square foot of $600.

Summary of transaction details:

The brokers representing the transaction played a crucial role in facilitating the deal. Adam Spies, Adam Doneger, Douglas Harmon, Joshua King, Marcella Fasulo, Avery Silverstein, and Willis Robbins were all involved as representatives for Newmark, highlighting the strength of their team in managing this significant transaction.

Players

Adam Doneger
190 deals$50.2B volume(516) 317-7837
BROKER

Avery Silverstein
Newmark
65 deals$15.1B volume(212) 850-5432
BROKER

Adam Spies
Newmark
263 deals$71.8B volume(212) 841-7500
BROKER

Douglas (Doug) Harmon
Newmark
130 deals$47.6B volume
BROKER

Joshua King
Newmark
115 deals$32.8B volume(212) 850-5427
BROKER

Marcella Fasulo
Newmark
94 deals$25.9B volume
BROKER

Willis Robbins
Newmark
14 deals$4.1B volume
BROKER

Newmark
BROKERAGE

Details

SOLD
IMAGE: Adam Spies, Adam Doneger, Douglas Harmon, Joshua King, Marcella Fasulo, Avery Silverstein & Willis Robbins DATE: 6/5/2025 ADDRESS: 63 Madison Avenue MARKET: Midtown Manhattan ASSET TYPE: Office BUYER: Brookfield SELLER: George Comfort, Jamestown (@Jamestown.LP) & Wells Fargo (@WellsFargo) BROKERS: Adam Spies, Adam Doneger (@ADoneger), Douglas Harmon, Joshua King, Marcella Fasulo (@MMFasulo), Avery Silverstein (@Avery.Morgan810) & Willis Robbins - Newmark (@Newmark) SALE PRICE: $510,000,000 SF: 850,000 ~ PPSF: $600

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$23,466,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$1,563,227.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$2,085,824.48
Annual Debt Service$25,029,893.73