Brookfield Acquires Office Building At 1 Liberty St - One Liberty Plaza In New York For $1B
One Liberty Plaza
$1,000,000,000
$500/SF
Building Size
2,000,000 SF
Asset Type
Office
Closing
Apr 6, 2023
About this deal
AI
The office property located at 1 Liberty St - One Liberty Plaza in New York has been sold in a closed transaction. The property, which spans 2,000,000 square feet, was sold for a total price of $1,000,000,000. The sale price translates to a price per square foot of $500.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $1,000,000,000
- Address: 1 Liberty St - One Liberty Plaza, New York
- Size: 2,000,000 square feet
- Sale Price per Square Foot: $500
- Buyer: Brookfield
- Seller: Blackstone
- Broker: Adam Spies, Doug Harmon, Adam Doneger, Marcella Fasulo, Josh King & Avery Silverstein - Newmark
The sale of the property was facilitated by the brokerage team consisting of Adam Spies, Doug Harmon, Adam Doneger, Marcella Fasulo, Josh King, and Avery Silverstein from Newmark. Their expertise and negotiation skills played a crucial role in the successful transaction.
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
0.02%
Cash-on-Cash
-0.00%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93