Monday.com Leases 140,000 SF Office Space At 225 Park Avenue South From SageHall
225 Park Avenue South
$125
$125/SF
Building Size
140,000 SF
Asset Type
Office
Closing
Nov 30, 2025
About this deal
AI
The asset involved in the transaction is an office property located at 225 Park Avenue South in the Flatiron District of Manhattan. The lease type is a single net lease, and the asking rent is $125 per square foot, covering a total of 140,000 square feet.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $125/ft
- Lease Type: Single Net Lease
- Landlord: SageHall
- Tenant: Monday.com
- Brokers: Kirill Azovtsev & James Wenk - Savills
- Date: 12/1/2025
The deal features brokers Kirill Azovtsev and James Wenk representing the interests of the landlord and tenant respectively. They are associated with Savills and played a key role in facilitating this transaction.
On the Map
$125
$125/SF
Office
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Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
126904.00%
Cash-on-Cash
-36269.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93