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One Park Avenue

The Mixed Use property located in New York that spans 947,894 square feet sold for $875,000,000 or $923 PPSF. The deal closed 26 months and 17 days ago. The brokers of the deal were Alana Bassen, Darcy Stacom, William (Bill) Shanahan and Doug Middleton

  • Location image 41 Park Avenue, New York, NY 10016
  • Sold Value
    image $875,000,000
    image $923
  • Asset Type image Mixed Use
  • Area image 947,894 SF
  • Parties image4 Brokers,1 Agency
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Alana Bassen icon

CBRE
  • Deals 4
  • Volume $1,380,000,000
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Darcy Stacom icon icon icon

CBRE
  • Deals 26
  • Volume $7,520,000,000
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William (Bill) Shanahan icon icon

CBRE
  • Deals 19
  • Volume $5,970,000,000
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Doug Middleton icon icon

CBRE
  • Deals 13
  • Volume $3,880,000,000
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CBRE

Agency
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Comparables: One Park Avenue

Showing 2 of 2

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Price Icon $790,100,000

  • StatusSOLD, $13861 PPSF
  • Date07/22/20
  • Address220 East 42nd Street, New York, NY 10017
  • Address220 East...
  • AssetMIXED USE
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Price Icon $858,100,000

  • StatusSOLD, $905 PPSF
  • Date04/21/21
  • Address605 West 42nd St, New York, NY 10036, USA
  • Address605 West...
  • AssetMIXED USE
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This Deal on Social

SALE
IMAGE: Doug Middleton, Alana Bassen, Steve Roth 👑, Haim Chera, Darcy Stacom & William Shanahan
DATE: 07/21/2021
ADDRESS: One Park Avenue
MARKET: Gramercy
ASSET TYPE: Mixed-use

BUYER: @VornadoRealtyTrust
SELLER: Canada Pension Plan Investment Board 🇨🇦
BROKERS: Doug Middleton, Alana Bassen, Darcy Stacom & William Shanahan @CBRE

INTEREST PURCHASED: 45%
TOTAL VALUE: $875,000,000

TENANTS: New York University, Bank of Baroda, Citibank, Equinox, Zibetto Espresso Bar, Robert A.M Stern Architects

NOTE: The deal includes a cash payment of $158 million to CPPIB, and an assumption of CPPIB’s share of $525 million in existing debt on One Park Avenue, in total, the deal values the Mixed-use office property at Approx. $875M.

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SALE
IMAGE: Doug Middleton, Alana Bassen, Steve Roth 👑, Haim Chera, Darcy Stacom & William Shanahan
DATE: 07/21/2021
ADDRESS: One Park Avenue
MARKET: Gramercy
ASSET TYPE: Mixed-use

BUYER: @VornadoRealtyTrust
SELLER: Canada Pension Plan Investment Board 🇨🇦
BROKERS: Doug Middleton, Alana Bassen, Darcy Stacom & William Shanahan @CBRE

INTEREST PURCHASED: 45%
TOTAL VALUE: $875,000,000

TENANTS: New York University, Bank of Baroda, Citibank, Equinox, Zibetto Espresso Bar, Robert A.M Stern Architects

NOTE: The deal includes a cash payment of $158 million to CPPIB, and an assumption of CPPIB’s share of $525 million in existing debt on One Park Avenue, in total, the deal values the Mixed-use office property at Approx. $875M.

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Contact Alana Bassen

Darcy Stacom has been a prestigious leader in the real estate industry for over 40 years. As Chairman and Head...

In his more than three decades in real estate, Bill Shanahan has sold, financed, and structured some of the industry’s...

Doug Middleton is an Executive Vice President with CBRE’s Investment Properties Group in the firm’s Midtown Manhattan office. Mr. Middleton’s...

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