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Chetrit Group Acquires One Whitehall Street Office From Rudin For $182M

Property Image
SOLD
$182,000,000
Kevin Donner
Joshua King
+ 4

New York

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Office366,000 SF
Sold 07/24/2019
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Property Image
SOLD

Chetrit Group Acquires One Whitehall Street Office From Rudin For $182M

1 Whitehall St, New York, NY 10004, USA

See Similar Deals
Office366,000 SF
Sold 07/24/2019
Kevin Donner
Joshua King
+ 4
Contact now

Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$497
Total Square Footage:366,000 SF
Transaction Type:Sale

One Whitehall Street, located in the Financial District (FiDi), has been sold in a closed transaction for a price of $182,000,000. The office building spans across a total area of 366,000 square feet, resulting in a price per square foot of $497.27. The property was bought by Chetrit Group from Rudin, with the assistance of brokerage firm CushWake.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $182,000,000
  • Address: One Whitehall Street
  • Market: Financial District (FiDi)
  • Square Feet: 366,000
  • Price per Square Foot: $497.27
  • Buyer: Chetrit Group
  • Seller: Rudin
  • Broker: CushWake

The deal involved key individuals such as Adam Spies, Adam Doneger, Doug Harmon, Marcella Fasulo, Josh King, Kevin Donner, Joseph Chetrit, Michael Rudin, and Bill Rudin. The transaction marks a significant milestone in the real estate market in FiDi, showcasing the ongoing investment and sales activity in the area.

Players

Adam Doneger
189 deals$50B volume(516) 317-7837
BROKER

Adam Spies
Newmark
260 deals$71.4B volume(212) 841-7500
BROKER

Douglas (Doug) Harmon
Newmark
128 deals$47.3B volume
BROKER

Joshua King
Newmark
114 deals$32.5B volume(212) 850-5427
BROKER

Kevin Donner
Newmark
48 deals$10.1B volume
BROKER

Marcella Fasulo
Newmark
93 deals$25.7B volume
BROKER

Michael Rudin
Rudin Management Company
20 deals$2B volume(212) 407-2511
BROKER

Michael Rudin
Rudin Management Company
20 deals$2B volume(212) 407-2511
BROKER

Cushman & Wakefield
BROKERAGE


Details

SOLD
IMAGE: Adam Spies, Adam Doneger, Doug Harmon, Marcella Fasulo, Josh King, Kevin Donner, Joseph Chetrit, Michael Rudin & Bill Rudin DATE: 07/24/2019 ADDRESS: One Whitehall Street MARKET: FiDi ASSET TYPE: Office PRICE: $182,000,000 SF: 366,000 PPSF: $497.27 BUYER: Chetrit Group SELLER: Rudin BROKER: @CushWake

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Deal Type
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Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$646,607.55
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