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
About this deal
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:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 345 Park Avenue
- Market: Manhattan
- Landlord: Samantha Rudin Earls & Michael Rudin - Rudin Management Company
- Tenant: Loeb & Loeb
- Landlord's Representative: Robert Steinman - Rudin Management Company
- Tenant's Representatives: Lewis Miller, Ken Rapp, Michael Wellen & Alex Kucera - CBRE
This lease transaction signifies Loeb & Loeb's commitment to Midtown East as it expands its New York headquarters footprint at the aforementioned address.
On the Map
Office
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Players
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