Joshua Zamir And Avi Kollenscher Of Capstone Equities Purchase $75 Million Note From Societe Generale
140 Crosby Street
$75,000,000
$2,323/SF
Building Size
32,282 SF
Asset Type
Office
Closing
Jul 24, 2025
About this deal
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
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
0.21%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93