Office · Midtown Manhattan
270 Park Avenue (JPMorgan HQ)
270 Park Avenue, Midtown Manhattan · Built 2024 · 60 floors
Partial
Current value
$3.00B
▲ 5.3% 1-yr (modeled)
Cap rate
4.10%
▼ 30 bps vs 4.40% submarket
NOI · derived
$123.0M
Value $/SF
$1,200
sourcedmodeled0 of 6 sourced
Ownership & debt
Ownership graph
Asset → owner → parent → beneficial owner · every edge sourcedOwnership transparency
Recorded chainRecorded owners
JPMorgan Chase & Co.
US-DE · Corporation · Fee simple · 100% interest
Ultimate beneficial owner — as recorded
JPMorgan Chase & Co. (NYSE: JPM) — owner-occupier
US-DE · Corporation · Beneficial interest
Corporate structures from GLEIF LEI Level-1/Level-2 data (CC0, golden copy 2026-07-26). Methodology
Debt
No publicly recorded debt
Debt appears here only when a recorded mortgage, deed of trust or securitization filing names this asset — nothing is inferred from ownership or market norms.
Securitized debt — SEC loan tape
No SEC ABS-EE loan-level filing is matched to this asset. Public loan tapes exist only for SEC-registered CMBS — most large-asset debt is 144A-private, balance-sheet or agency financed and files none.
Tenants & leasing
estimatedOccupancy
100.0%
WALT (area-wtd)
25.0 yrs
Top-3 concentration
100%
JPMorgan Chase & Co. (sole owner-occupier; new global headquarters)
Per-tenant lease detail arrives with disclosed stacking plans.
Top 1 of ~1 tenants shown. Occupancy / WALT / concentration are whole-building estimated figures.
Underwriting
Assumptions — user inputs, not sourced data: 5-year hold · exit cap +25 bps vs today · 3.0% NOI growth per year.
Assumptions — user inputs, not sourced data
Hold period
Exit cap vs today
+25 bps
NOI growth / yr
3.0%
Unlevered IRR
6.1%
Exit cap
4.35%
Exit value
$3.28B
Exit NOI
$142.6M
Unlevered IRR sensitivity — exit cap Δ × NOI growth
| Exit Δ | 2.0% | 2.5% | 3.0% | 3.5% | 4.0% |
|---|---|---|---|---|---|
| -25 bps | 7.4% | 7.9% | 8.4% | 9.0% | 9.5% |
| 0 bps | 6.2% | 6.7% | 7.2% | 7.7% | 8.3% |
| +25 bps | 5.1% | 5.6% | 6.1% | 6.6% | 7.1% |
| +50 bps | 4.1% | 4.6% | 5.1% | 5.6% | 6.1% |
| +75 bps | 3.1% | 3.6% | 4.1% | 4.6% | 5.1% |
Modeled output — not investment advice. Derived from the assumptions above, not sourced claims.
Provenance footnotes
- Current value: Estimated — no sourced claim on file.
- Cap rate: Estimated — no sourced claim on file.
- NOI: Estimated — no sourced claim on file.
- $/SF: Estimated — no sourced claim on file.
- GLA: Estimated — no sourced claim on file.
- Ownership — JPMorgan Chase & Co.: Single source — en.wikipedia.org · https://en.wikipedia.org/wiki/270_Park_Avenue_(2025%E2%80%93present)
- Tenant — JPMorgan Chase & Co. (sole owner-occupier; new global headquarters): Single source — jpmorganchase.com · https://www.jpmorganchase.com/newsroom/stories/jpmc-celebrates-new-global-hq-at-270-park-ave
Modeled figures — LTV, debt yield, DSCR, cash-on-cash, occupancy, WALT, tenant concentration and every underwriting output are derived arithmetic, not sourced claims. Underwriting outputs follow the assumptions printed in the panel — user-editable inputs, not observations. Not investment advice.
Anchoring begins when the asset enters the live ledger.