Avlok Kohli Of AngelList Leases 12,900 Square Feet Office Space At 257 Park Avenue South
257 Park Avenue South
$85
$85/SF
Building Size
12,900 SF
Asset Type
Office
Closing
Sep 12, 2025
About this deal
AI
The transaction involved a lease for an office asset located at 257 Park Avenue South, situated in Manhattan. AngelList signed a seven-year lease for the entire 18th floor, comprising a total of 12,900 square feet, with an asking rent of $85 per square foot.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $1,096,500
- Address: 257 Park Avenue South
- Landlord: Jeffrey Feil - The Feil Organization
- Tenant: Avlok Kohli - AngelList
- Landlord's Representative: Andrew Wiener & Robert Fisher - The Feil Organization
- Tenant's Representative: Jonathan Franzel - Newmark
- Market: Manhattan
- Square Footage: 12,900
- Asking Rent: $85/ft
This transaction reflects the involvement of several key individuals. Jeffrey Feil, representing The Feil Organization as the landlord, managed the deal in-house, while Jonathan Franzel from Newmark represented the tenant, AngelList. Andrew Wiener and Robert Fisher also represented The Feil Organization in this leasing transaction.
On the Map
$85
$85/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
186623.53%
Cash-on-Cash
-53337.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93