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
New York 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