A New York City office building owned by a Related Cos. affiliate is set to be sold at a steep discount of 67% from its 2018 purchase price of nearly $153 million. The building's loan balance exceeds $100 million. Nationwide, several big office buildings, including in Manhattan, have recently sold at discounts of up to 70% to opportunistic buyers aiming for future profits.
Older class B and C buildings are doomed in higher for longer environment Denver MSA office building just sold at a shocking ~90% 'discount' https://t.co/WhAuL7XtO0
BREAKING: A Denver MSA office building just sold at a shocking ~90% 'discount' The 82k SF building just sold for $2.3M, or $28 per SF It last sold for $17.3M in 2014 It's scary how buildings selling at 80%+ 'discounts' are becoming common... Source: Denver Post For the⦠https://t.co/GtV0JFAcmp
Commercial real estate bargain hunters are snagging space for steep discounts up to 70% off. https://t.co/2QzD8s44hH
Investor bought this office building in 2014 for $37.1M then sold it 10 years later for $8.25M. https://t.co/VhENu6bLlk
Buyers Snap Up Aging and Empty Office Buildings for Deep Discounts https://t.co/CqXtjr1slr
π CRE price discovery update: New York City office building sells for 67% less than its 2018 price π¬ A NYC office building will sell at such a discount that itβs 67% below the purchase price and less than whatβs still owed on the mortgage https://t.co/fdY4RP3vw6
When an office building starts losing money in San Francisco, owners are usually quick to cut bait. But this firm dug in and is starting to see the other side of the downturn. https://t.co/oWYGYWGr15
Several big office buildings nationwide β including in Manhattan β have recently sold at steep discounts of as much as 70% to opportunistic buyers, who are gambling that they will score large profits when prices eventually rebound. https://t.co/S04usqowuY
Buyers Snap Up Aging and Empty Office Buildings for Deep Discounts https://t.co/3lMivytEUs Several big office buildings nationwide β including in Manhattan β have recently sold at steep discounts of as much as 70 percent
A NYC office building will sell at such a discount that it's 67% less than the purchase price and below what's still owed on the mortgage. https://t.co/hNtta4dLxR
A New York City office building owned by a Related Cos. affiliate is set to be sold for less than $50 million, a 67% discount from the nearly $153 million it paid for it in 2018. The loan balance for the tower was more than $100 million.' https://t.co/cxiEEMO3BV
This is the old New York Observer (RIP) building. Buying these 1920s Midtown office buildings for $200-something psf is the deal of a lifetime, good for them. https://t.co/CeYRl2t9SJ
A New York City office building owned by a Related affiliate is set to be sold at a steep discount. https://t.co/EB4RILKded