MIC Capital Partners Expands Office Space At 375 Park Avenue Under 25-Year Lease
375 Park Avenue
Building Size
54,642 SF
Asset Type
Office
Closing
Jan 21, 2026
About this deal
AI
The asset involved in this transaction is located at 375 Park Avenue in Manhattan, which comprises 54,642 square feet of office space. This lease involves a commitment by the tenant to occupy the space for an extensive period, enhancing their operational footprint within an iconic building.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 375 Park Avenue
- Market: Manhattan
- Landlord: Aby Rosen & Michael Fuchs
- Tenant: MIC Capital Partners
- Landlord's Representative: AJ Camhi & Paul Milunec - RFR
- Tenant's Representative: Justin Aronson - CBRE
- Lease Term: 25-year term
In this transaction, MIC Capital Partners has significantly expanded its presence by tripling its footprint since 2018. The latest lease agreement has added an 18,214-square-foot floor to its existing space at 375 Park Avenue, following a prior expansion in May 2025.
On the Map
Office
View full map
New York Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
Deal FAQ
Browse New York office leases on Traded.
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