Assets
Office · New York

Park Avenue Tower (65 East 55th Street)

—, New York
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Current value
$730.0M
▲ 0.0% 1-yr (modeled)
Cap rate
Free account
Value $/SF
$1,174
$586.9M$626.5M$666.1M$705.7M$745.3M2019202020212022202320242026
sourcedmodeled1 of 7 sourced

Ownership & debt

Ownership chain & debt stack
Owner of record: SL Green Realty Corp..
1 recorded holder · 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.
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Financials

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

  1. Current value: Single source — CoStar · https://www.costar.com/article/521574985/sl-green-to-buy-park-avenue-tower-in-new-york-from-blackstone-for-730-million · observed 2026-01
  2. $/SF: Estimated — no sourced claim on file.
  3. GLA: Estimated — no sourced claim on file.
  4. Ownership — SL Green Realty Corp.: Single source — slgreen.com · https://slgreen.com/sl-green-closes-acquisition-of-park-avenue-tower/

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.