Phipps Houses Signs 32-Year Office Lease At 257 Park Avenue South In Manhattan

The property asset involved is an office located at 257 Park Avenue South, Manhattan, with a total square footage of 38,862. The lease is part of the Manhattan market.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not specified
• Address: 257 Park Avenue South
• Market: Manhattan
• Landlord: Feil Organization
• Tenant: Phipps Houses
• Landlord's Representative: Andrew Wiener & Robert Fisher - The Feil Organization
• Tenant's Representative: Alan Bonett, Bradley Cohn & David Levy - Adams & Company

Phipps Houses, recognized as New York City's oldest affordable housing developer, has entered into a 32-year lease agreement for the office space, moving from a previous location at 902 Broadway.