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445 Park Avenue

Consulate General Of The Republic Of Korea New York Leases Office Space At 445 Park Avenue
LEASEDOffice

Consulate General Of The Republic Of Korea New York Leases Office Space At 445 Park Avenue

445 Park Avenue

Building Size

43,493 SF

Asset Type

Office

Closing

Jan 14, 2026

AI

The property asset involved in this transaction is an office space located at 445 Park Avenue, Manhattan, with a total square footage of 43,493. This lease agreement is categorized as a Modified Gross Lease.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 445 Park Avenue
  • Market: Manhattan
  • Landlord: Park Avenue Properties Associates
  • Landlord's Representative: Jay Futersak
  • Tenant: Consulate General of the Republic of Korea New York
  • Tenant's Representative: Jeff Yi

This lease transaction features key individuals including the landlord Jay Futersak from Park Avenue Properties Associates and tenant representative Jeff Yi. The transaction reflects a collaboration between the Consulate General of the Republic of Korea New York and Park Avenue Properties Associates.

Players

Jeff Yi

Broker

1 deal

Broker

Jay Futersak

Landlord

3 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