Warren De Haan Of Acore Capital Acquires Office Properties In Manhattan For $60M
707 11th Avenue, 615 West 50, 615 West 50 New Tork & 615 West 50th Street
$60,000,000
$491/SF
Building Size
122,205 SF
Asset Type
Office
Closing
Sep 8, 2026
About this deal
AI
Warren de Haan of Acore Capital acquired two office properties located at 707 11th Avenue and 615 West 50th Street in Manhattan. The sale was completed for a total of $60 million, encompassing a total area of 122,205 square feet, which equates to a price per square foot of $491.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $60,000,000
- Buyer: Warren de Haan - Acore Capital
- Seller: John H. Lawrence
- Date of Transaction: September 8, 2026
- Total Square Footage: 122,205
- Price Per Square Foot: $491
This transaction highlights Warren de Haan's involvement in significant commercial real estate acquisitions, further establishing Acore Capital's footprint in the Manhattan market. The seller, John H. Lawrence, successfully divested these properties in a substantial financial transaction.
On the Map
$60,000,000
$491/SF
Office
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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
0.26%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93