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845 3rd Avenue

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

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

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.

Players

Idan Ofer

Quantum Pacific Group

Buyer

$762.4M

vol

6 deals

Buyer
QG
Quantum Pacific GroupBuyer
Michael Rudin

Michael Rudin

Rudin Management Company

Seller

$2.1B

vol

23 deals

Seller

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