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2 Park Avenue

Via Transportation Leases 55,066 Square Feet Office Space From Franco Rauseo At 2 Park Avenue
LEASEDOffice

Via Transportation Leases 55,066 Square Feet Office Space From Franco Rauseo At 2 Park Avenue

2 Park Avenue

Building Size

55,066 SF

Asset Type

Office

Closing

Jun 15, 2026

AI

The property asset involved in this transaction is an office space located at 2 Park Avenue in Midtown South, encompassing a total of 55,066 square feet spread across two full floors, specifically the 25th and 26th floors of an 28-story office tower. The landlord of the property is Hadson Realty.

Summary of transaction details:

The deal included representatives from both Savills and JLL, illustrating collaboration between multiple brokerage firms in facilitating the lease for Via Transportation. The brokers involved played crucial roles in securing the lease for the tenant across the specified floors in the property.

Players

Erik Schmall

Savills

Broker

5 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