23 Class A Office Buildings Portfolio - East Coast

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Financial Details

Asking Price:
$570,000,000
Cash Flow / SDE:
$50,259,437
Profit Metric:
NOI
Valuation Multiple:
11.3x
Location:
New York, NY, US
Source:
Date:
September 18, 2025

Key Highlights

Portfolio of 23 Class A office buildings located on the East Coast.
Significant price reduction from $733 MM to $570 MM, offering a compelling investment opportunity.
Strong NOI of $50.26M and high occupancy rate of 91% indicate stable cash flow.

Description

This listing presents a significant opportunity to acquire a portfolio of 23 Class A office buildings strategically located across East Coast markets. The offering has been recently reduced in price from $733 million to $570 million, representing a substantial discount. The portfolio generates a Net Operating Income (NOI) of $50,259,437.00 annually and boasts a high occupancy rate of 91%, indicating strong tenant demand and operational efficiency. An assumable mortgage of $438,743,066.71 with an average interest rate of approximately 5% is available, potentially reducing financing costs for the buyer. The seller is also open to a Joint Venture (JV) partnership. Prospective buyers are required to provide a Non-Disclosure Agreement (NCND), Letter of Intent (LOI), and Proof of Funds/Buyer Information (POF/BIO) to receive further details. This is a prime investment for sophisticated real estate investors seeking substantial, income-generating assets.

Industry Information

Industry Description:
Real Estate | Office Buildings
Classification:
Building & Construction

Real Estate & Lease

Status:
For_sale
Real Estate Price:
$570,000,000 USD

Listing Details

Listing ID:
38ee379f-b5db-44ef-ac71-6b4dbba9db8c
Deal Status:
For Sale
Date Posted:
April 09, 2019
Last Updated:
September 18, 2025
Currency:
USD

Features & Tags

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Tags & Categories
Office Buildings Real Estate Portfolio Investment Property East Coast