Vornado selling FiDi office building for discount as interest rates rise – Robert Khodadadian

Steven Roth’s Vornado Realty Trust is selling a Financial District office building for about 20 percent less than what it was asking in the spring — a haircut that reflects how the rising cost of debt is hindering commercial property sales. The Steven Roth-led REIT is in contract to sell its 29-story office building at 40 Fulton Street to investor David Werner for between $105 million and $110 million, sources told The Real Deal. That’s

Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or “quiet” real estate transactions, allowing buyers and seller to bypass traditional avenues and extraneous expenses of high-profile listings in the New York City area. Commercial Real Estate, Home Page, david werner, FiDi, Vornado Realty Trust The Real Deal New York Read More

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