Idan Ofer Of Quantum Pacific Acquires 101 Greenwich Street Office From Sonny Kalsi Of BentallGreenOak For $100M
101 Greenwich Street
$100,000,000
Building Size
—
Asset Type
Office
Closing
Feb 10, 2025
About this deal
AI
The property involved in this transaction is an office asset located at 101 Greenwich Street in Manhattan. The property was sold for a transaction amount of $100,000,000.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $100,000,000
- Buyer: Idan Ofer - Quantum Pacific
- Seller: Sonny Kalsi - BentallGreenOak
- Brokers: Adam Doneger, Adam Spies & Michael Collins - Newmark
- Market: Manhattan
Idan Ofer, leading Quantum Pacific, is making this acquisition as the firm explores a possible office-to-residential conversion in collaboration with Metro Loft. This marks Quantum Pacific’s second real estate purchase in Manhattan, following the acquisition of 767 Third Avenue, while BentallGreenOak incurs a significant loss on the sale.
On the Map
$100,000,000
Office
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Property Record
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Players
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