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
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