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373 Park Avenue South

Updated Oct 12, 2026

Ebi Khalili, Josh Rahmani & Aaron Bergman Acquire Office Asset In Manhattan For $104 Million
SOLDOffice

Ebi Khalili, Josh Rahmani & Aaron Bergman Acquire Office Asset In Manhattan For $104 Million

373 Park Avenue South & 381 Park Avenue South

$104,000,000

$290/SF

Building Size

113,000 SF

Asset Type

Office

Closing

Nov 18, 2025

About this deal

AI

The property asset involved in this transaction is located at 373 Park Avenue South & 381 Park Avenue South in Manhattan. The sale price for the office asset was $104,000,000, with a total square footage of 356,000, resulting in a price per square foot of $292.

Summary of transaction details:

The transaction featured multiple buyers, including Empire Capital Holdings and Olmstead Properties, represented by Steve Marvin, Patrick Pavone, and Samuel Rosenblatt. The seller, ATCO Properties, was represented by Kate Hemmerdinger Goodman. The deal involved prominent brokers Adam Spies, Meaghan Philbin, and Adam Doneger from Newmark, facilitating the sale of this significant office space.

On the Map

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$104,000,000

$290/SF

Office

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Players

Adam Doneger

Newmark

Broker

$54.8B

vol

199 deals

Broker
Adam Spies
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Adam Spies

Newmark

Broker

$76.8B

vol

276 deals

Broker

Josh Rahmani

Empire Capital Holdings

Buyer

$948.1M

vol

9 deals

Buyer

Kate Hemmerdinger Goodman

ATCO Properties & Management

Seller

$234M

vol

3 deals

Seller
Bank OZK
Bank OZKLender
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New York Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Deal FAQ

About $290 per square foot on a published $104M for 358,000 square feet (2025).

Visit Meaghan Philbin to view all their deals.

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.15%

Cash-on-Cash

-0.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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