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205 West 28th Street

Josh Zamir & Avi Kollenscher Of Capstone Equities Secure $58.5M Loan For Manhattan Office Acquisition
FINANCEDOffice

Josh Zamir & Avi Kollenscher Of Capstone Equities Secure $58.5M Loan For Manhattan Office Acquisition

205 West 28th Street

$58,500,000

$585/SF

Building Size

100,000 SF

Asset Type

Office

Closing

Nov 17, 2025

AI

The property asset involved in the transaction is located at 205 West 28th Street in Manhattan. It is an office asset with a total square footage of 100,000. The acquisition loan amount is $58,500,000, which is facilitated by the lender, 1823 Partners.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $58,500,000
  • Lender: 1823 Partners
  • Landlord: Josh Zamir & Avi Kollenscher - Capstone Equities
  • Brokers: Daniel Fromm & Jordan Roeschlaub - Newmark

The deal involves several key individuals and companies. Josh Zamir and Avi Kollenscher are the landlords representing Capstone Equities. The brokerage services are provided by Daniel Fromm and Jordan Roeschlaub, both from Newmark, who facilitated the loan transaction.

Players

Daniel Fromm

Newmark

Broker

$5.3B

vol

82 deals

Broker
Bank OZK
Bank OZKLender

New York Office Market Snapshot

Boundary boundary · Office · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.27%

Cash-on-Cash

-0.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93