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.
On the Map
$75,000,000
$2,323/SF
Office
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Players
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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