Argentic Investment Management Leases 13,000 Square Feet Office At 257 Park Avenue In Flatiron District
257 Park Avenue South
Building Size
13,000 SF
Asset Type
Office
Closing
Jul 2, 2026
AI
The asset involved in the transaction is a 13,000-square-foot office space located at 257 Park Avenue in Manhattan’s Flatiron District. The property is situated on the 20th floor of the Gramercy Park Building.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 257 Park Avenue, Flatiron District, Manhattan
- Landlord: Jeffrey J. Feil - The Feil Organization
- Tenant: Argentic Investment Management
- Brokers: Andrew Wiener & Robert Fisher - The Feil Organization
This transaction features Argentic Investment Management signing a lease for the entirety of the 20th floor. The landlords represent The Feil Organization, managed by Jeffrey J. Feil, while the brokers involved in the deal are Andrew Wiener and Robert Fisher, also from The Feil Organization.
Players
Brooklyn 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