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:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 2 Park Avenue
- Market: Midtown South
- Asset Size: 55,066 square feet
- Landlord: Franco Rauseo - Hadson Realty
- Tenant: Via Transportation
- Brokers: Erik Schmall & Allyson Bowen - Savills; Mitchell Konsker, Cynthia Wasserberger, Kristen Morgan & Michael Pallas - JLL
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
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