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
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