Deal sheet    Single Deal
375 Pearl Street|Sales|09/22/2007
  • Event Sales
  • Address 375 Pearl Street
  • Square feet 1,098,000
  • Price $ 172,000,000
  • Price per foot $ 156.65
  • Borough Manhattan
  • Neighborhood City Hall
  • Publication Date 11/01/2007
notes
A condominium interest in 930,000 square feet of the property sold for $172 million, or $185 per square foot. Taconic will own floors 2 to 7 and 11 to 32, while Verizon will retain ownership of floors 8 to 10. The buyer plans to spend up to $100 million in renovations, including as many as six new elevator cabs, new HVAC and new bathrooms.
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