Updated Nov 9, 2026
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.
On the Map
$400,000,000
$250/SF
Office
View full map
Players
New York Office Market Snapshot
Boundary boundary · Office · Undercontract transactions
Loading comparables…
Deal FAQ
Visit Joseph Hoffman to view all their deals.
Browse New York office sales on Traded.
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