Hunter Point Capital Signs 46,000 Square Foot Office Lease In Midtown Manhattan At 360 Park Avenue South
360 Park Avenue South
Building Size
46,000 SF
Asset Type
Office
Closing
May 29, 2026
AI
The transaction involves a 46,000-square-foot office lease located at 360 Park Avenue South in Midtown Manhattan. This property is part of a larger 450,000-square-foot building within a significant market area.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 360 Park Avenue South
- Market: Midtown Manhattan
- Landlord: Owen D. Thomas - BXP
- Tenant: Avshalom Kalichstein - Hunter Point Capital
- Landlord's Representative: Andrew Levin & Will Stark - BXP
- Tenant's Representative: Peter Turchin, Gregg Rothkin, Hayden Pascal, Arkady Smolyansky, Ross Zimbalist & Trevor Larkin - CBRE
Hunter Point Capital signed the lease taking the entire 15th and 16th floors of the building, reflecting a significant commitment to the Midtown Manhattan area in collaboration with BXP, the landlord.
Players
Irvington 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