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500 Park Avenue

Kohlberg & Company Leases 18,820 Square Feet At 500 Park Avenue In Manhattan With SL Green
LEASEDOffice

Kohlberg & Company Leases 18,820 Square Feet At 500 Park Avenue In Manhattan With SL Green

500 Park Avenue

Building Size

18,820 SF

Asset Type

Office

Closing

Jun 15, 2026

AI

The office asset involved in this transaction is located at 500 Park Avenue in Manhattan, covering a total square footage of 18,820. This property is owned by SL Green Realty, with a lease signed by Kohlberg & Company.

Summary of transaction details:

Kohlberg & Company, a healthcare-focused private equity firm with assets totaling $17B, is relocating within Midtown East as part of this lease agreement, securing a full floor lease at the specified location.

Players

Frank Doyle

JLL

Broker

$538.2M

vol

26 deals

Broker

Avon 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