OceanSound Partners Signs Five-Year Lease For 32,032 Square Feet At SL Green's 450 Park Avenue
450 Park Avenue
Building Size
32,032 SF
Asset Type
Office
Closing
Aug 10, 2026
About this deal
AI
The property asset involved in this transaction is located at 450 Park Avenue in Midtown Manhattan. This office asset comprises a total of 32,032 square feet and is part of a major lease agreement.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 450 Park Avenue
- Market: Midtown Manhattan
- Landlord: Steven Durels & Marc Holliday - SL Green
- Tenant: OceanSound Partners
- Brokers: John Johnson - Savills; Paul Amrich, Neil King, Alexander D’Amario, Matthew Dichter & Brooke Dewing - CBRE
- Lease Duration: Five years
- Floors Leased: Eighth, 22nd, and 23rd
This lease transaction was facilitated by several brokers, including John Johnson from Savills and a team from CBRE comprising Paul Amrich, Neil King, Alexander D’Amario, Matthew Dichter, and Brooke Dewing. OceanSound Partners has expanded its footprint within the SL Green Realty portfolio through this agreement.
On the Map
Office
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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