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Idan Ofer Of Quantum Pacific Group Acquires Office In Midtown East For $79.9M

Property Image
SOLD
$79,900,000
Idan Ofer

New York

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Office
Sold 10/31/2025
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SOLD

Idan Ofer Of Quantum Pacific Group Acquires Office In Midtown East For $79.9M

845 3rd Avenue

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Office
Sold 10/31/2025
Idan Ofer
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Summary

NEW YORK
Asset Type:Office
Transaction Type:Sale

An office asset located at 845 3rd Avenue in Midtown East, Manhattan has been sold for a transaction amount of $79.9 million. The property encompasses 321,452 square feet, showcasing a significant stake acquisition in the real estate market. The sale reflects the area's competitiveness for office space.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $79,900,000
  • Buyer: Idan Ofer - Quantum Pacific Group
  • Seller: Samantha Rudin Earls & Michael Rudin - Rudin Management Company
  • Acquisition Stake: 77.56%
  • Acquisition Entity: QP Prime 845 Third LLC

This transaction involved key players from the real estate industry, with Idan Ofer representing Quantum Pacific Group in the acquisition. The sellers, Samantha Rudin Earls and Michael Rudin, are affiliated with Rudin Management Company, highlighting notable figures in the Manhattan property landscape.

Players

6 deals$762.4M volume
BUYER

BUYER


12 deals$949.9M volume
SELLER

Details

SOLD
IMAGE: Samantha Rudin Earls, Idan Ofer & Michael Rudin DATE: 10/31/2025 ADDRESS: 845 3rd Avenue MARKET: Midtown East, Manhattan ASSET TYPE: Office BUYER: Idan Ofer - Quantum Pacific Group SELLER: Samantha Rudin Earls & Michael Rudin - Rudin Management Company SALE PRICE: $79,900,000 NOTE: Idan Ofer’s Quantum Pacific Group, via QP Prime 845 Third LLC, acquired a 77.56% stake in the 321,452-square-foot office at 845 Third Avenue in Midtown East for $79.9M from Rudin Management.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$283,867.83
Cash-on-Cash Return-1.27%
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