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
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.
Players
New York Office Market Snapshot
Boundary boundary · Office · Sale transactions
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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