facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Office

/

Lease

/

100 Park Avenue

Turner & Townsend Leases 24,394 Square Feet At 100 Park Avenue In Manhattan For 12 Years
LEASEDOffice

Turner & Townsend Leases 24,394 Square Feet At 100 Park Avenue In Manhattan For 12 Years

100 Park Avenue

$75

$75/SF

Building Size

24,394 SF

Asset Type

Office

Closing

Feb 9, 2026

AI

100 Park Avenue is an office asset located in the Manhattan market, featuring a lease signed by Turner & Townsend for a total of 24,394 square feet at an asking rent of $75 per square foot. The lease term is set for 12 years.

Summary of transaction details:

The transaction involved representation for both the landlord and tenant, with Cushman & Wakefield acting on behalf of SL Green and CBRE representing Turner & Townsend. This deal marks a significant relocation for the tenant from their previous location at 285 Madison Avenue.

Players

Justin Royce

Cushman & Wakefield

Broker

15 deals

Broker
SL Green
SL GreenLandlord

New York Office Market Snapshot

Boundary boundary · Office · Lease transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

211506.67%

Cash-on-Cash

-60449.25%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93