Midtown Equities Acquires Office Building On Broadway In Manhattan For $140M

An office building located at 1 Broadway in Manhattan, New York has been sold in a closed transaction for $140,000,000. The property spans over 218,000 square feet and was sold at a price of $642 per square foot.

Summary of transaction details

• Property Type: Office Building
• Transaction Amount: $140,000,000
• Address: 1 Broadway, Manhattan, New York
• Market: Manhattan
• SF: 218,000 sf
• PPSF: $642

In this transaction, the seller was a Swiss Trust linked to Dr. Marco Stoffel. Midtown Equities, represented by Joseph Cayre, emerged as the buyer. The deal was facilitated by Cushman & Wakefield, with Adam Spies, Douglas Harmon, Josh King, and Marcella Fasulo representing the brokerage.