The Weinstein Family Sells 80 White Street Office In TriBeCa For $21M With Lee & Associates NYC
80 White Street
$21,000,000
$560/SF
Building Size
37,500 SF
Asset Type
Office
Closing
Aug 16, 2024
AI
The property involved in this transaction is an office space located at 80 White Street, situated in the TriBeCa market. The sale was finalized for a total of $21,000,000, encompassing 37,500 square feet, which equates to a price per square foot of $560.
Summary of transation details:
- Property Type: Office
- Transaction Amount: $21,000,000
- Address: 80 White Street
- Market: TriBeCa
- Square Footage: 37,500
- Price per Square Foot: $560
- Seller: The Weinstein Family - General Hardware
- brokers: Catherine O'Toole, Stephanie Moore, Chris Varjan & Jonathan Braun - Lee & Associates NYC
Lee & Associates NYC acted as the representative for both the Buyer and Seller in this transaction, showing their dual involvement in facilitating the deal.
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
0.76%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93