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345 Park Avenue

Loeb & Loeb Expands New York Headquarters Lease At 345 Park Avenue In Manhattan
LEASEDOffice

Loeb & Loeb Expands New York Headquarters Lease At 345 Park Avenue In Manhattan

345 Park Avenue

Building Size

178,959 SF

Asset Type

Office

Closing

Jul 6, 2026

AI

The property asset involved in this transaction is an office space located at 345 Park Avenue in Manhattan, covering a total area of 178,959 square feet.

Summary of transaction details:

This lease transaction signifies Loeb & Loeb's commitment to Midtown East as it expands its New York headquarters footprint at the aforementioned address.

Players

Robert Steinman

Rudin Management Company

Broker

12 deals

Broker
Rudin Management Company
Rudin Management CompanyLandlord
Loeb & Loeb
Loeb & LoebTenant

New York 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