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80 White Street

The Weinstein Family Sells 80 White Street Office In TriBeCa For $21M With Lee & Associates NYC
SOLDOffice

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

Catherine O'Toole

Lee & Associates

Broker

$68.5M

vol

9 deals

Broker

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