Bushburg Acquires Office Asset At 100 William Street In Financial District For $70 Million
100 William Street
$70,000,000
$166/SF
Building Size
421,000 SF
Asset Type
Office
Closing
Dec 11, 2025
AI
The property asset involved in the transaction is located at 100 William Street, within the Financial District. The asset is classified as office space and encompasses a total square footage of 421,000 square feet. The sale price for the property was set at $70,000,000, resulting in a price per square foot of $166.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $70,000,000
- Buyer: Bushburg
- Seller: Manulife
- Brokers: Gary Phillips, Will Silverman & Jeff Organisciak - Eastdil Secured
- Address: 100 William Street
- Market: Financial District
- Total Square Footage: 421,000
- Price Per Square Foot: $166
The key individuals involved in the transaction include brokers Gary Phillips, Will Silverman, and Jeff Organisciak, who represented the buyer and seller through Eastdil Secured. Their involvement facilitated the smooth negotiation and execution of the sale between Bushburg and Manulife.
Players
New York Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.23%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93