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470 Park Avenue South

Impact.com Leases 41,000 Square Feet Office Space At 470 Park Avenue South In Manhattan
LEASEDOffice

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:

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

Alex Leopold

CBRE

Broker

4 deals

Broker
Colliers
ColliersBrokerage
Newmark
NewmarkBrokerage
Andrew Roos

Andrew Roos

Williams Equities

Landlord

5 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