Aby Rosen & Michael Fuchs Sell Mixed-Use Asset At 281 Park Avenue South For $120M
281 Park Avenue South
$120,000,000
$2,823/SF
Building Size
42,500 SF
Asset Type
Mixed-use
Closing
Jun 17, 2026
About this deal
AI
The mixed-use asset located at 281 Park Avenue South is under contract with an asking price of $120,000,000. The property encompasses a total of 42,500 square feet, resulting in a price per square foot of $2,824. It is situated in Manhattan, an area known for its real estate dynamics.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $120,000,000
- Address: 281 Park Avenue South
- Market: Manhattan
- Square Footage: 42,500
- Price per Square Foot: $2,824
- Seller: Aby Rosen & Michael Fuchs - RFR
- Brokers: Ryan Serhant & Bernadette Brennan - Serhant; Alexandra Marolda & James Nelson - Avison Young
The notable aspect of this transaction is its connection to Anna Delvey’s attempted venture to establish a private arts club, which previously attracted media attention. The transaction has garnered interest due to its long time on the market before entering contract status, while the specific buyer and final sale price details remain undisclosed.
On the Map
$120,000,000
$2,823/SF
Mixed-use
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Players
Avon Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.13%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93