SOLDOffice
Blackstone Acquires 49% Stake In One Liberty Plaza From Brookfield Property Partners
1 Liberty St, New York, NY 10006, USA
Building Size
2,000,003 SF
Asset Type
Office
Closing
Dec 3, 2017
About this deal
AI
One Liberty Plaza, located at 1 Liberty Street in Manhattan, has been sold in a closed property transaction. The office building, spanning 2.3 million square feet, was sold for a price of $1.55 billion, resulting in a per square foot price of $660.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $1.55 billion
- Square Footage: 2.3 million sf
- Price per square foot: $660
- Seller: Brookfield Property Partners
- Buyer: The Blackstone Group
The transaction involved The Blackstone Group acquiring a 49% stake in One Liberty Plaza from Brookfield Property Partners.
Players
BlackstoneBuyer
BlackstoneLender
New York Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93