Reference no: EM132499070
Address Year Built Renovated Size (SQFT) Sale Date Sale Price Cap Rate % Leased
-1285 Avenue of the
Americas 1960 1,800,000 May-18 $1,650,000,000 4.70% 100%
-245 Park Ave 1966 2000 1,787,000 May-19 $2,210,000,000 4.66% 91.60%
-60 Wall St 1987 1,625,000 Jan-19 $1,040,000,000 100%
-85 Broad St 1983 1,118,509 May-19 $652,000,000 3.90% 88%
One Astor Plaza was built in 1972 and renovated in 2010. The building received Energy Star certification in 2017 and LEED Gold Status in 2018. All of these buildings are steel constructions. Buildings older than 40 years sell for a 15% discount. Buildings older than 10 years sell at a 5% discount unless they have been renovated since the year 2000. Find the market adjusted price per square foot for the comparables above.