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
About this deal
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:
- Property Type: Office
- Transaction Amount: $100,000,000
- Address: 2 Rector Street
- Market: Financial District
- Square Footage: 400,000
- Price per Square Foot: $250
- Buyer: Idan Ofer - Quantum Pacific
- Seller: BentallGreenOak
- Brokers: Robert Khodadadian, Daniel Shirazi, & Daniel Davidov - Skyline Properties
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.
On the Map
$105,000,000
$262/SF
Office
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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
0.15%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93