facebook


Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Office

/

Sale

/

2 Park Avenue

Updated Dec 16, 2024

Haddad Brands Purchases 2 Park Avenue Office Building From Morgan Stanley For $360M
SOLDOffice

Haddad Brands Purchases 2 Park Avenue Office Building From Morgan Stanley For $360M

2 Park Avenue

$360,000,000

Building Size

—

Asset Type

Office

Closing

Dec 16, 2024

About this deal

AI

The property asset involved in this transaction is a 28-story office building located at 2 Park Avenue in the Murray Hill market. The building is set to change ownership from Morgan Stanley to Haddad Brands for a transaction amount of $360 million, reflecting a price of $360 per square foot.

Summary of transaction details:

This transaction features key individuals such as Sam Haddad, representing Haddad Brands, a children’s clothing manufacturer, and Ted Pick, representing Morgan Stanley. The brokers on this deal include Adam Doneger, Adam Spies, Douglas Harmon, Joshua King, Marcella Fasulo, and Willis Robbins, all of whom are affiliated with Newmark.

On the Map

Open live map

$360,000,000

Office

View full map

Players

Adam Doneger

Newmark

Broker

$54.8B

vol

199 deals

Broker
Adam Spies
Verified Badge

Adam Spies

Newmark

Broker

$76.8B

vol

276 deals

Broker
Bilt advertisement

New York Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

Deal FAQ

Visit Willis Robbins to view all their deals.

Browse New York office sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.04%

Cash-on-Cash

-0.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

More Deals

Nearby Markets