Idan Ofer Of Quantum Pacific Group Acquires Office In Midtown East For $79.9M
845 3rd Avenue
$79,900,000
Building Size
—
Asset Type
Office
Closing
Oct 31, 2025
About this deal
AI
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.
On the Map
$79,900,000
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
0.20%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93