23 Class A Office Buildings Portfolio - East Coast
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
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