Alex Sherman Of Bluefish Signs 7.5-Year Lease For 17,050 SF At 315 Park Avenue South
315 Park Avenue South
Building Size
17,050 SF
Asset Type
Office
Closing
Feb 9, 2026
AI
The asset involved in this transaction is an office space located at 315 Park Avenue South in Manhattan. This property encompasses 17,050 square feet and has been leased for a period of 7.5 years at a rental rate of around $95 per square foot.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $95 per SF
- Lease Duration: 7.5 years
- Landlord: Adam B. Frazier - Columbia Property Trust
- Tenant: Alex Sherman - Bluefish
- Landlord's Representatives: Ted Koltis & Maria Blake - Columbia Property Trust; Peter Shimkin, Jonathan Fanuzzi & David Falk - Newmark
- Tenant's Representatives: Jamie Katcher & Sebastian Infante - JLL
This transaction marks Bluefish's first headquarters in Manhattan, as they signed a lease for the entire eighth floor of the property, further establishing their presence in the market. The involvement of multiple representatives from both the landlord and tenant sides highlights the collaborative nature of this lease agreement.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93