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Vanbarton Group sells Office Property In Seaport For $252M

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This MultiFamily property located in NY was sold for $252,000,000 over 1 year ago. The brokers of the deal were Philip Silverman, Gary Phillips, and Jeff Organisciak

The recently closed property transaction in Seaport involved the sale of an office asset located at 175 Water St, New York, NY 10038, USA. The property spans an impressive 684,500 square feet. The transaction took place on October 11, 2022, with a final sale price of $252,000,000.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $252,000,000
  • Address: 175 Water St, New York, NY 10038, USA
  • Market: Seaport
  • Buyer: 99c LLC
  • Seller: Vanbarton Group

Handling the deal were brokers Andrew Scandalios and Vickram Jambu. Their expertise and knowledge played a vital role in ensuring the successful completion of the transaction.

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Deals
  • Location
    175 Water Street175 Water Street
  • Sale Price
    $252,000,000$252,000,000
    $368 PPSF$368 PPSF
  • Area
    684,000 SF684,000 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    3 Brokers, 1 Agency3 Brokers, 1 Agency

Agents

Philip Silverman

Philip Silverman

Deals9
Financed$1.5B

Jeff Organisciak

Jeff Organisciak

Deals13
Sold$4.4B

Agency

Eastdil Secured

Eastdil Secured

Agency
Deals187
Volume$58.2B

Deal Summary

SALE DATE: 10/11/2022 ADDRESS: 175 Water St, New York, NY 10038, USA MARKET: Seaport ASSET TYPE: Office BUYER: 99c LLC SELLER: Vanbarton Group BROKER: Andrew Scandalios, Vickram Jambu PRICE: $$252,000,000 UNITS: SF: 684500 Andrew Scandalios, Vickram Jambu ,

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