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Invesco Acquires Office Property In Manhattan For $235M

Property Image
SOLD
$235,000,000

New York

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Office425,000 SF
Sold 11/15/2017
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Property Image
SOLD

Invesco Acquires Office Property In Manhattan For $235M

80 Broad St, New York, NY 10004, USA

See Similar Deals
Office425,000 SF
Sold 11/15/2017
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Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$552
Total Square Footage:425,000 SF
Transaction Type:Sale

The office property located at 80 Broad Street in Manhattan, New York has been sold in a closed transaction. The transaction took place on November 15, 2017, at a sale price of $235,000,000. The property has a total area of 425,000 square feet, resulting in a price per square foot of $550. The property is situated in the prime market of Manhattan, making it an attractive investment opportunity.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $235,000,000
  • Address: 80 Broad Street, New York
  • Market: Manhattan
  • Square Footage: 425,000
  • Price per Square Foot: $550

The seller of the property was Raymond Chalmé and Daniel Blanco's Broad Street Development, while the buyer was @invescous. Representing the parties in the deal was the broker @cushwake. The transaction generated significant interest, with 95% of the property's ownership being acquired.

Players

BUYER


5 deals$818.5M volume
SELLER

Details

SOLD
IMAGE: 11/15/2017 ADDRESS: 80 Broad Street CITY: New York MARKET: Manhattan TYPE: Office PRICE: $235,000,000 SF: 425,000 PPSF: $550 INTEREST: 95% SELLER: Raymond Chalmé & Daniel Blanco’s Broad Street Development BUYER: @invescous BROKER: @cushwake

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