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257 Park Avenue South

Avlok Kohli Of AngelList Leases 12,900 Square Feet Office Space At 257 Park Avenue South
LEASEDOffice

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

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.

Players

Jonathan Franzel

Newmark

Broker

19 deals

Broker
Newmark
NewmarkBrokerage
Jeffrey Feil

Jeffrey Feil

The Feil Organization

Landlord

$512.5M

vol

24 deals

Landlord
The Feil Organization
The Feil OrganizationLandlord
Avlok Kohli

Avlok Kohli

AngelList

Tenant

1 deal

Tenant
AngelList
AngelListTenant

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

186623.53%

Cash-on-Cash

-53337.58%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93