Cerity Partners Signs 15-Year Lease For 19,600 Square Feet At 99 Park Avenue Manhattan
99 Park Avenue
$90
$90/SF
Building Size
19,600 SF
Asset Type
Office
Closing
Sep 24, 2026
About this deal
AI
99 Park Avenue is an office asset located in Manhattan, featuring 19,600 square feet. The asking rent for this lease is set at $90 per square foot. The property is part of a larger 600,000-square-foot Midtown office tower.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $90/ft.
- Lease Terms: 15-year lease
- Landlord: Global Holdings
- Tenant: Cerity Partners
- Landlord's Representative: Alexander Radmin - Global Holdings Management Group; Paul Glickman, Diana Biasotti, Kristen Morgan & Harrison Potter - JLL
- Tenant's Representative: Nicholas Dysenchuk & Robert Lowe - Cushman & Wakefield
Cerity Partners has signed the lease, expanding its presence in the Midtown office tower, increasing its footprint to approximately 68,300 square feet. The transaction showcases involvement from key representatives from both landlord and tenant sides, facilitating the lease agreement for the tenant.
On the Map
$90
$90/SF
Office
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Players
Coltons Point 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
176255.56%
Cash-on-Cash
-50374.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93