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360 Park Avenue

Optiver Leases 23038 Square Feet At 360 Park Avenue In Manhattan With Landlord BXP
LEASEDOffice

Optiver Leases 23038 Square Feet At 360 Park Avenue In Manhattan With Landlord BXP

360 Park Avenue

Building Size

23,038 SF

Asset Type

Office

Closing

May 20, 2025

AI

The property asset involved in this transaction is an office space located at 360 Park Avenue, Manhattan. The office spans a total of 23,038 square feet. The transaction reflects a long-term lease agreement between the landlord and the tenant.

Summary of transaction details:

This lease marks the first office for Dutch trading firm Optiver in New York City, as they secure 23,038 square feet at 360 Park Avenue South through a long-term agreement.

Players

Peter Turchin

CBRE

Broker

17 deals

Broker

Owen D. Thomas

BXP

Landlord

$2B

vol

19 deals

Landlord

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