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257 Park Avenue South

Argentic Investment Management Leases 13,000 Square Feet Office At 257 Park Avenue In Flatiron District
LEASEDOffice

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:

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

Andrew Wiener

The Feil Organization

Broker

33 deals

Broker

Jeffrey J. Feil

The Feil Organization

Landlord

$51.5M

vol

6 deals

Landlord
AM
Argentic Investment ManagementTenant

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