Image of Investment Property

125 Broad Street

Property Sq Ft: 1,336,523/Condominium Unit: 742,500

Purchase Date: March, 1998

Purchase Price: $89MM

Year Built: 1970

Client: Vornado Realty Trust


In March 1998, Tenantwise was engaged by Vornado Realty Trust to provide strategic acquisition advice on the two condominium units within 125 Broad in 1998. One unit was 506,000 square feet and the other was 218,000 square feet. The units were being offered by Johnson & Higgins and CIBC, respectively. While Vornado competed for the units, both were ultimately purchased by Witkoff for $89MM.