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225 Park Avenue South

Updated May 23, 2025

TPG And Sagehall Partners Acquire Office Asset From Orda Management For $350 Million In Manhattan
SOLDOffice

TPG And Sagehall Partners Acquire Office Asset From Orda Management For $350 Million In Manhattan

225 Park Avenue South

$350,000,000

$518/SF

Building Size

675,000 SF

Asset Type

Office

Closing

May 19, 2025

About this deal

AI

The asset involved in this transaction is an office property located at 225 Park Avenue South in the Manhattan market. The sale price for this property was $350,000,000. The total square footage of the asset is 700,000, resulting in a price per square foot of $500.

Summary of transation details:

This transaction is representative of the collaboration between the buyer TPG / Sagehall Partners and the seller Orda Management, facilitated by a team of representatives from Newmark, including Adam Spies, Adam Doneger, Douglas Harmon, Joshua King, Avery Silverstein, and Marcella Fasulo.

Players

Adam Doneger

Newmark

Broker

$51.2B

vol

196 deals

Broker
Avery Silverstein
Verified Badge

Avery Silverstein

Newmark

Broker

$15.1B

vol

65 deals

Broker
OM
Orda ManagementSeller

New York Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Deal FAQ

About $518 per square foot on a published $350M for 675,000 square feet (2025).

Visit Marcella Fasulo to view all their deals.

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.05%

Cash-on-Cash

-0.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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