facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Office

/

Lease

/

375 Park Avenue

MIC Capital Partners Renews And Expands Lease At Seagram Building In Midtown Manhattan To 36428 SF
LEASEDOffice

MIC Capital Partners Renews And Expands Lease At Seagram Building In Midtown Manhattan To 36428 SF

375 Park Avenue

Building Size

36,428 SF

Asset Type

Office

Closing

Jun 5, 2025

AI

The property asset involved in this lease transaction is located at 375 Park Avenue in Midtown Manhattan. It is designated as an office space, featuring a total area of 36,428 square feet.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 375 Park Avenue
  • Market: Midtown Manhattan
  • Landlord: Michael Fuchs & Aby Rosen
  • Landlord's Representative: AJ Camhi & Paul Milunec - RFR
  • Tenant: MIC Capital Partners
  • Tenant's Representative: Justin Aronson - CBRE

This lease transaction involved MIC Capital Partners renewing and expanding its lease at the Seagram Building, effectively doubling its space. The key individuals in this transaction include the landlords, Michael Fuchs and Aby Rosen, representing RFR, along with tenant representatives AJ Camhi and Paul Milunec, who also represent RFR, and Justin Aronson from CBRE, representing MIC Capital Partners.

Players

AJ Camhi

RFR

Broker

14 deals

Broker
Michael Fuchs

Michael Fuchs

RFR

Landlord

$3.6B

vol

25 deals

Landlord

Brooklyn Office Market Snapshot

Boundary boundary · Office · Lease transactions

Loading comparables…

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