Assets
Office · New York

280 Park Avenue

, New York
Partial
Current value
$1.00B
0.0% 1-yr (modeled)
Cap rate
Free account
Value $/SF
$808
$804.0M$858.3M$912.5M$966.8M$1.02B201920202021202220232024Modeled trajectory — no observed history
sourcedmodeled0 of 6 sourced

Ownership & debt

Ownership chain & debt stack
Owner of record: Joint venture of SL Green Realty Corp. and Vornado Realty Trust.
3 recorded holders · 1 beneficial owner · chain resolves 2 levels, with each holder's interest percentage and class.
1 debt tranche on file — lender, principal, rate and maturity.

Financials

Financial model
Effective gross income, operating expenses, DSCR, cash-on-cash, mark-to-market and replacement cost — the income side of the underwrite.

Tenants & leasing

Tenant roster & leasing
3 tenants of record, with GLA, floor, lease expiration and base rent — plus occupancy, WALT and the rollover stack.

Underwriting

Underwriting
Unlevered and levered IRR, equity multiple, exit math and a live sensitivity grid — built on the NOI, the debt stack and the rent roll above.