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101 Greenwich Street

Idan Ofer Of Quantum Pacific Acquires 101 Greenwich Street Office From Sonny Kalsi Of BentallGreenOak For $100M
SOLDOffice

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:

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

Adam Doneger

Newmark

Broker

$50.5B

vol

192 deals

Broker
Adam Spies
Verified Badge

Adam Spies

Newmark

Broker

$72.1B

vol

265 deals

Broker

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