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125 Park Avenue

TD Securities Expands Office Lease At SL Green's 125 Park Avenue In Manhattan For 181447 SF
LEASEDOffice

TD Securities Expands Office Lease At SL Green's 125 Park Avenue In Manhattan For 181447 SF

125 Park Avenue

Building Size

181,447 SF

Asset Type

Office

Closing

Mar 9, 2026

AI

The property asset involved in this transaction is an office space located at 125 Park Avenue in Manhattan. It encompasses a total of 181,447 square feet, accommodating the tenant, TD Securities, who has expanded its offices through a 10-year lease agreement. This expansion adds 51,081 square feet on the 21st and 22nd floors to the existing space occupied by the tenant.

Summary of transaction details:

This transaction highlights the collaboration between key individuals and firms, with the landlord, SL Green, represented by a team from Newmark, and the tenant, TD Securities, represented by CBRE. The deal signifies an important development in the office leasing sector in Manhattan, reflecting the strategic expansion plans of TD Securities in this upscale market.

Players

Brian Waterman

Newmark

Broker

$300.4M

vol

30 deals

Broker
David Falk
Verified Badge

David Falk

Newmark

Broker

61 deals

Broker
SL Green
SL GreenLandlord

New York Office Market Snapshot

Boundary boundary · Office · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93