International Workplace Group Leases 22,000 SF At 475 Park Avenue South In Midtown South
475 Park Avenue South
Building Size
22,000 SF
Asset Type
Office
Closing
Sep 8, 2026
About this deal
AI
The property asset involved in this transaction is located at 475 Park Avenue South in the Midtown South market. It encompasses an office space totaling 22,000 square feet and spans the building’s 26th and 27th floors.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 475 Park Avenue South
- Market: Midtown South
- Landlord: Charles S. Cohen - Cohen Brothers Realty Corporation
- Tenant: International Workplace Group
- Brokers: T.J. Hochanadel & William Propst - JLL
This lease transaction was part of five leasing deals announced by Cohen Brothers Realty at the same location, with IWG/Regus represented as the main tenant. The brokers involved in this transaction are T.J. Hochanadel and William Propst from JLL.
On the Map
Office
View full map
Players
New York Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
Deal FAQ
Browse New York office leases on Traded.
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