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140 Crosby Street

Joshua Zamir And Avi Kollenscher Of Capstone Equities Purchase $75 Million Note From Societe Generale
Office

Joshua Zamir And Avi Kollenscher Of Capstone Equities Purchase $75 Million Note From Societe Generale

140 Crosby Street

Building Size

32,282 SF

Asset Type

Office

Closing

Jul 24, 2025

AI

The transaction involved a note/loan valued at $75,000,000 associated with the property located at 140 Crosby Street in SoHo, Manhattan. The total square footage of the asset is 32,282 with a price per square foot of $2,323.

Summary of transaction details:

  • Property Type: Note/Loan
  • Transaction Amount: $75,000,000
  • Buyer: Joshua Zamir & Avi Kollenscher - Capstone Equities
  • Seller: Societe Generale
  • Address: 140 Crosby Street
  • Market: SoHo, Manhattan
  • Square Footage: 32,282
  • Price per Square Foot: $2,323

Capstone Equities acquired the $75 million note from Societe Generale, which was backed by Webster Bank in connection with Madison Capital’s office and retail property at the specified location.

Players

Capstone Equities
Capstone EquitiesBuyer
Webster Bank
Webster BankSeller

New York Office Market Snapshot

Boundary boundary · Office · All transaction types transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93