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
About this deal
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.
On the Map
$58,500,000
$585/SF
Office
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Players
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Boundary boundary · Office · Loan transactions
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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