Impact.com Leases 41,000 Square Feet Office Space At 470 Park Avenue South In Manhattan
470 Park Avenue South, 470 Park Avenue South & 470 Park Avenue South
Building Size
—
Asset Type
Office
Closing
Jul 24, 2025
AI
The asset involved in this transaction is an office space located at 470 Park Avenue South in Manhattan. The property is part of the Midtown South market and encompasses 41,000 square feet. Impact.com is leasing this space under a 10-year agreement, effectively more than doubling its presence in New York City.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 470 Park Avenue South
- Market: Manhattan
- Landlord: Michael Cohen, Andrew Roos & Robert Getreu - Williams Equities
- Tenant: Impact.com
- Landlord's Representative: Jessica Verdi, Mac Roos & Rachel Kirkham - Colliers
- Tenant's Representative: Alex Leopold - Newmark
This transaction features several key individuals and firms. The landlords, Michael Cohen, Andrew Roos, and Robert Getreu, represent Williams Equities in this lease agreement, while the tenant, Impact.com, has Alex Leopold from Newmark acting as their representative. The involvement of Colliers as the landlord's representative includes Jessica Verdi, Mac Roos, and Rachel Kirkham, facilitating the exchange between the parties.
Players
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