East West Bank Expands With 38,000-SF Lease At 345 Park Avenue Manhattan
345 Park Avenue
Building Size
38,000 SF
Asset Type
Office
Closing
Feb 17, 2026
About this deal
AI
The asset involved in this transaction is an office property located at 345 Park Avenue in Manhattan. The property comprises 38,000 square feet, and the lease was signed for the expansion of East West Bank as they relocate from 485 and 535 Madison Avenue.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 345 Park Avenue
- Market: Manhattan
- Landlord: William C. Rudin - Rudin Management Company
- Tenant: East West Bank
William C. Rudin represents Rudin Management Company in this lease transaction with East West Bank, which is moving to a larger space to accommodate its growth in Midtown.
On the Map
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93