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Idan Ofer Of Quantum Pacific Acquires 101 Greenwich Street Office From Sonny Kalsi Of BentallGreenOak For $100M
SOLD
$100,000,000
New York
See Similar DealsOffice
Sold 02/10/2025
SOLD
Idan Ofer Of Quantum Pacific Acquires 101 Greenwich Street Office From Sonny Kalsi Of BentallGreenOak For $100M
101 Greenwich Street
See Similar DealsOffice
Sold 02/10/2025
Summary
NEW YORK
Asset Type:Office
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$5,333,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$355,278.89
Cash-on-Cash Return-1.27%
Monthly Debt Service$474,051.02
Annual Debt Service$5,688,612.21
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