Republic Point$61.50 – $74.87/SF/yr FS
Cornerstone Tower
26,100 SF of Office space available at 778 Broadway, New York, NY 10016. For Sale through Concord Realty Services.
For SaleStatus
26,100 SFAvailable
$85.67/SFAsking rent
$312.47MAsking price
6.78%Cap rate
1926Year built
AClass
Property facts
| Property type | Office |
|---|---|
| Building class | A |
| Rentable area | 662,000 SF |
| Available | 26,100 SF |
| Stories | 25 |
| Year built | 1926 |
| Typical floor | 26,480 SF |
| Lot size | 2.01 acres |
| Parking ratio | 2.8/1,000 SF |
| Occupancy | 96.1% |
| Zoning | B-4 |
| Parcel ID | 49-677-9400 |
| Submarket | Murray Hill |
| Market | New York City |
| Days on market | 491 |
| Walk Score | 96 |
| Transit | Light rail 5 min |
| Listing package | Diamond |
Building amenities
Conference Facility, Food Service, Banking
Spaces available
| Floor | Use | Type | Size (SF) | Asking rent | Term | Status |
|---|---|---|---|---|---|---|
| P 16th | Office | Direct | 3,150 – 5,750 | $88.99/SF | 5 Years | Vacant |
| P 6th | Office | Direct | 3,390 | $80.87/SF | Negotiable | Vacant |
| P 6th | Office | Sublet | 860 – 2,690 | $71.46/SF | Thru Mar 2030 | Oct 2026 |
| P 12th | Office | Direct | 800 – 1,890 | On request | 5 Years | Oct 2026 |
| P 15th | Coworking | Direct | 12,380 | $76.62/SF | Thru Mar 2030 | Vacant |
Major tenants
| Tenant | Industry | Floor | SF | Lease expiry |
|---|---|---|---|---|
| Vector Dynamics | Education | 7 | 162,640 | 2023-08-01 |
| Frontier Telecom | Government | 16 | 132,490 | 2033-04-01 |
| Trinity Freight | Media | 4 | 69,860 | 2027-06-01 |
| Halverson Engineering | Healthcare | 3 | 24,550 | 2020-08-01 |
| Umber Architecture | Insurance | 18 | 51,340 | 2026-04-01 |
| Capital Policy Group | Energy | 10 | 11,510 | 2029-12-01 |
| Hudson Asset Management | Financial Services | 1 | 96,720 | 2032-03-01 |
Sale history
| Date | Price | $/SF | Cap rate | Buyer | Seller |
|---|---|---|---|---|---|
| 2025-10-21 | $343.41M | $518.74 | 7.00% | Northstar REIT | Gulf Coast Realty Partners |
| 2022-12-30 | $269.42M | $406.97 | 8.62% | Greystone Holdings | Lakeshore Realty Trust |
| 2022-08-05 | $111.38M | $168.25 | 8.74% | Greystone Holdings | Permian Basin Properties |
Public record
| Owner of record | Passaic Valley Holdings |
|---|---|
| Assessed value | $70.05M |
| Land value | $12.78M |
| Improvement value | $57.27M |
| Annual tax | $1.3M |
| Tax year | 2026 |
| Lot size | 87,555 SF |
| Last deed | 2020-12-25 |
| Deed type | Special Warranty Deed |
| Legal description | LOT 37 BLK 565 MURRAY HILL ADDN |
Location
778 Broadway
New York, NY 10016
Murray Hill submarket · New York City market
40.75263, -73.97215
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