Nathan Berman And Idan Ofer Of Metro Loft Management Acquire Office Asset In Manhattan For $105M
SOLD
$105,000,000
+ 2
New York
See Similar DealsOffice400,000 SF
Sold 01/20/2026
SOLD
Nathan Berman And Idan Ofer Of Metro Loft Management Acquire Office Asset In Manhattan For $105M
101 Greenwich Street
See Similar DealsOffice400,000 SF
Sold 01/20/2026
+ 2
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$262
Total Square Footage:400,000 SF
Transaction Type:Sale
The transaction involves an office asset located at 101 Greenwich Street in Manhattan. It was sold for a total price of $105,000,000, encompassing a square footage of 400,000 which translates to a price per square foot of $262.
Summary of transation details:
- Property Type: Office
- Transaction Amount: $105,000,000
- Square Footage: 400,000
- Price per Square Foot: $262
- Buyer: Nathan Berman - Metro Loft Management, Idan Ofer & Quantum Pacific
- Seller: BentallGreenOak
- Brokers: Daniel Shirazi & Robert Khodadadian - Skyline Properties
The deal featured key involvement from Nathan Berman, who is associated with Metro Loft Management, alongside Idan Ofer and Quantum Pacific as the purchasing entities. BentallGreenOak acted as the seller, with representation from brokers Daniel Shirazi and Robert Khodadadian from Skyline Properties facilitating the transaction.
Players
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$5,599,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$373,042.83
Cash-on-Cash Return-1.27%
Monthly Debt Service$497,753.57
Annual Debt Service$5,973,042.82
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