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Savanna Acquires Office Building In Midtown Manhattan For $126M

31 West 27th Street
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This Other property located in NY was sold over 6 years ago. The brokers of the deal were Paul Gillett, William (Will) Silverman, and Daniel Parker

The office property located at 31 West 27th Street in Manhattan, New York was recently sold in a closed transaction. The property spans across 144,000 square feet and was purchased for a total price of $126,000,000, resulting in an average price per square foot of $875. The seller of the property was Westbrook Partners, who had previously acquired it in 2014 for $80.8 million.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $126,000,000
  • Address: 31 West 27th Street, New York
  • Market: Manhattan

The buyer of this office property was Savanna, represented by Chris Schlank. The deal was facilitated by brokers Will Silverman, Paul Gillett, and Daniel Parker from HODGES.

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Deals
  • Location
    31 W 27th St, New York, NY 10001, USA31 W 27th St, New York, NY 10001, USA
  • Area
    1,479,025 SF1,479,025 SF
  • Asset Type
    OtherOther
  • Parties
    3 Brokers, 1 Agency3 Brokers, 1 Agency

Agents

William (Will) Silverman

William (Will) Silverman

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Sold$9B

Daniel Parker

Daniel Parker

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Sold$1.9B

Agency

Eastdil Secured

Eastdil Secured

Agency
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Volume$58.2B

Deal Summary

DATE: 08/17/2017 ADDRESS: 31 West 27th Street CITY: New York MARKET: Manhattan ASSET TYPE: Office PRICE: 126,000,000 SF: 144,000 PPSF: $875 SELLER: Westbrook Partners @sushtorgalkar BUYER: Savanna – Chris Schlank BROKER: HODGES: Will Silverman, Paul Gillett, Daniel Parker Note: Westbrook purchased for $80.8M in 2014.

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31 West 27th Street

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