Residential · Plaza District
432 Park Avenue
432 Park Avenue, Plaza District · Built 2015 · 85 floors
Partial
sourcedmodeled0 of 6 sourced
Ownership & debt
Ownership chain & debt stack
Owner of record: CIM Group (controlling sponsor; sponsor entity 56th and Park (NY) Owner, LLC) with Harry Macklowe / Macklowe Properties as development partner.
2 recorded holders · 2 beneficial owners · 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
104 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.
Provenance footnotes
- Current value: Estimated — no sourced claim on file.
- $/SF: Estimated — no sourced claim on file.
- GLA: Estimated — no sourced claim on file.
- Ownership — CIM Group (controlling sponsor; sponsor entity 56th and Park (NY) Owner, LLC) with Harry Macklowe / Macklowe Properties as development partner: Single source — en.wikipedia.org · https://en.wikipedia.org/wiki/432_Park_Avenue
Modeled figures — LTV, debt yield, DSCR, cash-on-cash, occupancy, WALT, tenant concentration are derived arithmetic, not sourced claims. Not investment advice.
Anchoring begins when the asset enters the live ledger.