Broad Street Development Acquires 370 Lexington Avenue In Manhattan For $190M

370 Lexington Avenue, Manhattan, New York, NY, USA

$190,000,000

$610/SF

Building Size

311,000 SF

Asset Type

Office

Closing

Dec 17, 2018

AI

A property located at 370 Lexington Avenue in Manhattan has been sold for a price of $190,000,000. The transaction took place on 12/18/2018 and involved Broad Street Development as the buyer and Unizo Holdings as the seller. The property has a total square footage of 311,000.

Summary of transaction details

Property Type: Sale
Transaction Amount: $190,000,000
Date: 12/18/2018
Address: 370 Lexington Avenue
Market: Manhattan
Seller: Unizo Holdings
Buyer: Broad Street Development
Square Footage: 311,000

The sale of the property was facilitated by brokers Doug Harmon, Adam Spies, Adam Doneger, Kevin Donner, and Josh King from CushWake. They represented the interests of both the buyer, Broad Street Development, and the seller, Unizo Holdings.

A loan in the amount of $101,000,000 was obtained from Invesco Real Estate for this transaction.

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