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200 Park Avenue South

Updated Feb 26, 2025

Tao Group Leases 18,000 SF Office Space At 200 Park Avenue South For $70/ft
LEASEDOffice

Tao Group Leases 18,000 SF Office Space At 200 Park Avenue South For $70/ft

200 Park Avenue South

$70

$70/SF

Building Size

18,000 SF

Asset Type

Office

Closing

Feb 2, 2025

About this deal

AI

The asset involved in this transaction is an office space located at 200 Park Avenue South in Manhattan. The leased area spans 18,000 square feet, with an asking rent set at $70 per square foot. The lease is a long-term modified gross lease, facilitated by ABS Realty as the landlord.

Summary of transaction details:

The deal involved key representatives in the brokerage sector, namely Brandon Singer, Suzanne Bernstock, and Kim Levandovsky from Retail By Mona, who played pivotal roles in the leasing arrangements for the tenant, Tao Group, under the landlord ABS Realty.

On the Map

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$70

$70/SF

Office

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Players

Brandon Singer

Retail By Mona

Broker

$84.3M

vol

61 deals

Broker
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New York Office Market Snapshot

Boundary boundary · Office · Lease transactions

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Deal FAQ

About $70 per square foot on a published $70 for 18,000 square feet (2025).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

226614.29%

Cash-on-Cash

-64767.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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