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
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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.