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2 Rector Street

Idan Ofer Of Quantum Pacific Acquires Office Asset From BentallGreenOak For $100M In Financial District
SOLDOffice

Idan Ofer Of Quantum Pacific Acquires Office Asset From BentallGreenOak For $100M In Financial District

2 Rector Street

$105,000,000

$262/SF

Building Size

400,000 SF

Asset Type

Office

Closing

Feb 11, 2025

AI

The property asset involved in this transaction is an office located at 2 Rector Street in the Financial District, featuring a total square footage of 400,000. The sale price for the asset is $100,000,000, with a price per square foot calculated at $250.

Summary of transaction details:

This deal is facilitated by key individuals representing both parties. Idan Ofer is associated with Quantum Pacific, while the sellers BentallGreenOak are represented by the brokerage firm Skyline Properties, with Robert Khodadadian, Daniel Shirazi, and Daniel Davidov acting as brokers in this transaction.

Players

Daniel Shirazi

Skyline Properties

Broker

$825.5M

vol

16 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

0.15%

Cash-on-Cash

-0.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93