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:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 360 Park Avenue
- Market: Manhattan
- Landlord: Owen D. Thomas - BXP
- Tenant: Jan Boomaars - Optiver
- Landlord's Representative: Peter Turchin - CBRE
- Tenant's Representative: Matthew Felice - JLL
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
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