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443 Park Avenue South

Ardoq Inc Leases 7629 Square Feet Office Space At 443 Park Avenue South In Manhattan
LEASEDOffice

Ardoq Inc Leases 7629 Square Feet Office Space At 443 Park Avenue South In Manhattan

443 Park Avenue South

Building Size

7,629 SF

Asset Type

Office

Closing

Jul 8, 2025

AI

The property asset involved is located at 443 Park Avenue South, Manhattan. It is classified as an office space comprising 7,629 square feet, which is a newly leased area on the entire second floor of the building.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 443 Park Avenue South
  • Market: Manhattan
  • Landlord: David J. Koeppel - Koeppel Rosen
  • Tenant: Ardoq, Inc
  • Landlord's Representative: Max Koeppell - Koeppel Rosen
  • Tenant's Representatives: Hannah Gerard & Jason L. Pollen - CBRE

Ardoq, Inc. has signed a new lease for the entire second floor, marking a relocation from their previous address at 460 Park Avenue South. This lease transaction involves representation from brokers at Koeppel Rosen for the landlord and from CBRE for the tenant.

Players

Jason L. Pollen

CBRE

Broker

1 deal

Broker
CBRE
CBREBrokerage
David Koeppel

David Koeppel

Koeppel Rosen

Landlord

$10M

vol

4 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