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500 Park Avenue

Rottenstreich Farley Bronstein Fisher Potter Hodas Signs 18,820 Square Foot Lease At 500 Park Avenue
LEASEDOffice

Rottenstreich Farley Bronstein Fisher Potter Hodas Signs 18,820 Square Foot Lease At 500 Park Avenue

500 Park Avenue

Building Size

18,820 SF

Asset Type

Office

Closing

Nov 17, 2025

AI

The property asset involved in the transaction is located at 500 Park Avenue in Midtown Manhattan. It is an office space comprising 18,820 square feet. The office is notable for being a direct lease occupied by a high-stakes divorce firm, marking a transition from a sublease arrangement. This location was first occupied in 2024.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 500 Park Avenue
  • Market: Midtown Manhattan
  • Square Footage: 18,820
  • Landlord: Marc Holliday - SL Green
  • Tenant: Rottenstreich Farley Bronstein Fisher Potter Hodas
  • Landlord's Representative: Steven Durels - SL Green
  • Tenant's Representatives: Benjamin Blumenthal & Ralph Chattah - Noah & Company

The deal involves several key individuals and representatives. Marc Holliday acts as the landlord, representing SL Green, while the tenant, Rottenstreich Farley Bronstein Fisher Potter Hodas, has secured the lease through the brokerage of Benjamin Blumenthal and Ralph Chattah from Noah & Company.

Players

Benjamin Blumenthal

Noah & Company

Broker

2 deals

Broker
SL Green
SL GreenBrokerage
SL Green
SL GreenBrokerage
Marc Holliday

Marc Holliday

SL Green

Landlord

$9.6B

vol

40 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