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60 Wall Street

Updated Nov 9, 2026

UNDER CONTRACTOffice

Joseph Hoffman Of Bushburg Properties Acquires Office Tower At 60 Wall Street For $400M

60 Wall Street

$400,000,000

$250/SF

Building Size

1,600,000 SF

Asset Type

Office

Closing

Nov 6, 2026

About this deal

AI

The property involved in this transaction is an office asset located at 60 Wall Street in Manhattan's Financial District. It spans 1,600,000 square feet and is valued at $400,000,000, equating to a price per square foot of $250.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $400,000,000
  • Buyer: Joseph Hoffman - Bushburg Properties
  • Seller: Lim Chow Kiat - GIC
  • Square Footage: 1,600,000
  • Price Per Square Foot: $250
  • Market: Financial District

This transaction features Joseph Hoffman representing Bushburg Properties in the acquisition of the office tower from Lim Chow Kiat, who represents GIC. The deal marks a significant move in the market, with Bushburg Properties set to acquire this prominent asset.

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$400,000,000

$250/SF

Office

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Players

Joseph Hoffman

Broker
Broker

Joseph Hoffman

Bushburg Properties

Buyer
Buyer
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GICSeller
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New York Office Market Snapshot

Boundary boundary · Office · Undercontract transactions

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Deal FAQ

About $250 per square foot on a published $400M for 1,600,000 square feet (2026).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.04%

Cash-on-Cash

-0.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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