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Carlton Revs Up Sales Efforts at 30 Broad St.

NEW YORK CITY-The international real estate firm is marketing the 50-story, 450,000-square-foot office building in the heart of Lower Manhattan's Financial District. A source close to the deal tells GlobeSt.com that the property could trade for $142 million, or $300 per square foot.

By Jacqueline Hlavenka | Updated on January 25, 2012

NEW YORK CITY-The Carlton Group, an international real estate investment bank, has been retained to sell 30 Broad St. in the heart of Lower Manhattan’s Financial District, company chairman Howard Michaels tells GlobeSt.com in an e-mail. While terms of the sales efforts were not disclosed, a source close to the deal says the firm was tapped by property owners Gotham Realty Holdings and Sun Realty to sell its long-term leasehold in the 50-story, 450,000-square-foot Downtown office building, located next to the New York Stock Exchange.

“It has always had a very high occupancy,” the source says, who asked not to be named due to ongoing negotiations. The property is expected to sell outright or with a minority interest around $142 million, or approximately $300 per square foot, the source adds. “Considering that buildings in Midtown are selling for $700 and $800 a foot, this is tremendous value for an investor.”

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