Nathan Berman Of Metro Loft And Idan Ofer Of Quantum Pacific Group Acquire 1 Whitehall Street For $100M
1 Whitehall Street
$100,000,000
Building Size
—
Asset Type
Office
Closing
Apr 7, 2026
About this deal
AI
An office building located at 1 Whitehall Street in Manhattan's Financial District is currently under contract for sale, with an agreed transaction price of $100,000,000. The asset is part of a market that is seeing a shift in asset utilization, as plans are underway to convert this office space into rental apartments.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $100,000,000
- Buyer: Nathan Berman - Metro Loft and Idan Ofer - Quantum Pacific Group
- Seller: LoanCore Capital
- Brokers: Doug Middleton & Jack Stillwagon - CBRE
Nathan Berman, representing Metro Loft Management, and Idan Ofer, representing Quantum Pacific Group, are collaborating on this transaction with the intention of repurposing the existing office building. The transaction is facilitated by brokers Doug Middleton and Jack Stillwagon from CBRE.
On the Map
$100,000,000
Office
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New York Office Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.16%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93