Assets
Office · Midtown Manhattan

The Grace Building

—, Midtown Manhattan
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Current value
$2.15B
▲ 0.0% 1-yr (modeled)
Cap rate
Free account
Value $/SF
$1,381
$1.73B$1.85B$1.96B$2.08B$2.20B201920202021202220232024
sourcedmodeled1 of 6 sourced

Ownership & debt

Ownership chain & debt stack
Owner of record: Brookfield Properties (Brookfield Property Partners).
2 recorded holders, with each holder's interest percentage and class.
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Underwriting

Underwriting
Unlevered and levered IRR, equity multiple, exit math and a live sensitivity grid — built on the NOI, the debt stack and the rent roll above.
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Provenance footnotes

  1. Current value: Single source — SEC EDGAR (Form ABS-EE) · https://www.sec.gov/Archives/edgar/data/1840644/000162829726000429/ex102.xml · observed 2020
  2. $/SF: Estimated — no sourced claim on file.
  3. GLA: Estimated — no sourced claim on file.
  4. Ownership — Brookfield Properties (Brookfield Property Partners): Single source — commercialobserver.com · https://commercialobserver.com/2024/05/trade-desk-taking-over-bain-companys-126k-sf-at-grace-building/

Modeled figures — LTV, debt yield, DSCR, cash-on-cash, occupancy, WALT, tenant concentration are derived arithmetic, not sourced claims. Not investment advice.

Anchoring begins when the asset enters the live ledger.