125 Park Avenue | The Real Deal New York

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125 Park Avenue

125 Park Avenue
New York, NY 10017
Office, Leasing/Rental

125 Park Avenue, formerly known as the Pershing Square Building, is a 25-story office building in Midtown, Manhattan. Designed by York & Sawyer architects in the Romanesque Revival style, and construction was built in 1923. The building received $26 million in renovations in 1996 and a major lobby renovation followed in 2008.

New York real estate company SL Green bought the building from Shorenstein Realty Service for $330 million in 2010. As of the fourth quarter of 2014 SL Green collected 29.3 million in annualized rents. The building contains some 604,000 usable square feet. Major tenants at the building include Newmark & Company (133,215 square feet), TD Bank (57,941 square feet), Reed Elsevier, Chase Bank, and Starbucks.

-WP

  • Address 125 Park Avenue
  • neighborhood Midtown
  • borough Manhattan
  • owner SL Green Realty
  • owner entity 125 PARK OWNER LLC
  • floors 24
  • Year Built 1923
  • square feet 520,416
  • block and lot 1-01296-0001
  • BIN 1036151

03/04/19
An art collector’s penthouse traded for $9.9 million and a venture capitalist bought in Carnegie Hill. Here are some noteworthy residential deals from the past...

12/12/18
...Newmark Group offices 125 Park Avenue and Barry Gosin (Credit: LoopNet) Newmark Group CEO Barry Gosin bought $8 million worth of...

10/25/18
...From left: Barry Gosin, Newmark Group offices at 125 Park Avenue, and Mike Rispoli (Credit: Google Maps and LinkedIn) Newmark Group received its first standalone...

08/21/18
...Kuhn and Barry Gosin with Newmark's headquarters at 125 Park Avenue Former Eastern Consolidated brokers Brian Ezratty and Ron Solarz have landed at Newmark Knight...

07/19/18
...Barry Gosin, 125 Park Avenue, and Steven Sperandio (Credit: Getty, LoopNet, LinkedIn) A former broker in Newmark Knight Frank...

07/18/18
...SL Green Realty's Steven Durels and 125 Park Avenue Camera and photocopier company Canon Solutions America renewed a lease for its roughly 34,000-square-foot...

03/30/18
...was completed in 1923 and is now known as 125 Park Avenue. One Chase Manhattan Plaza 1956: David Rockefeller makes his mark on Lower Manhattan Chase Manhattan...

...was completed in 1923 and is now known as 125 Park Avenue. One Chase Manhattan Plaza 1956: David Rockefeller makes his mark on Lower Manhattan Chase Manhattan...

11/14/17
...in his office on the seventh floor of 125 Park Avenue, where his roughly 100-person firm juggles 100 cases at any given time. The robe was...

...in his office on the seventh floor of 125 Park Avenue, where his roughly 100-person firm juggles 100 cases at any given time. The robe was...

09/14/17
...a.m. I’m at our office at 125 Park Avenue. I may meet with Newmark CEO Barry Gosin to discuss new hires. A big...

...a.m. I’m at our office at 125 Park Avenue. I may meet with Newmark CEO Barry Gosin to discuss new hires. A big...

08/10/17
...company also has a 3,400-square-foot satellite office at 125 Park Avenue in Manhattan. Bruce Mosler and Joseph Cirone at Cushman & Wakefield represented the tenant...

11/22/16
...125 Park Avenue, Marc Holliday and 420 Lexington Avenue. The city’s Landmarks Preservation Commission designated 11 properties in...

06/20/16
...other SL Green buildings at 3 Columbus Circle and 125 Park Avenue, as well as one at 28 West 44th Street, which the landlord previously owned. Emerge...

05/23/16
...office in Dumbo Heights and its headquarters at 125 Park Avenue. “With their national platform I would be able to do the type of business...

05/11/16
...calendar, such as the Pershing Square Building at 125 Park Avenue and the Graybar Building at 420 Lexington Avenue. The remaining seven, including the Yale Club...

12/18/15
From left: Shelley O'Keefe, 505 West 19th Street in Chelsea and Michael Johnson Shelley O'Keefe and Michael Johnson of Corcoran Sunshine topped the list with...

12/14/15
...of an office on the 25th floor of 125 Park Avenue, an SL Green Realty-owned building in Midtown. But no such tenant ever existed at...

10/05/15
Manhattan’s luxury residential market maintained its relatively tepid pace. A total of 13 contracts were signed this week at $4 million and above, only a slight improvement over...

08/11/15
...125 Park Avenue in Midtown (inset: Pandora CEO Brian McAndrews) Online music provider Pandora Media is expanding...

...-square-foot lease in the Grand Central area at 125 Park Avenue. The two deals were valued at $31 million and $27 million respectively, CompStak data shows. Small...

02/25/14
...a 52,450-square-foot lease at SL Green Realty’s 125 Park Avenue in June, as TRD reported. “We're really excited about expanding into a second office...

02/06/14
...Green, through its Emerge212 brand, markets space at 125 Park Avenue, 3 Columbus Circle and 28 West 44th Street. Brokers could also reap riches from the shared...

12/17/13
...125 Park Avenue and Steve Durels Charter Brokerage, a firm that helps companies with imports and exports...
  • Event Office Leasing
  • Address 125 Park Avenue
  • Neighborhood Murray Hill
  • Borough Manhattan
  • Square feet 51,000
  • Price per foot $ 70.00
  • Event Office Leasing
  • Address 125 Park Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 30,365
  • Price per foot $ 70.00
  • Publication Date 08/01/2015
  • Event Date 06/22/2015
  • Party 1 SL Green Realty
  • Party 1 Brokerage SL Green Realty
  • Party 1 Broker Brett Herschenfeld, Cryder Bancroft
  • Party 2 Haworth
  • Party 2 Brokerage JLL
  • Event Retail leasing
  • Address 125 Park Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 17,000
  • Price per foot $ 70.00
  • Publication Date 06/01/2015
  • Event Date 04/22/2015
  • Party 1 SL Green Realty
  • Party 2 Blink Fitness
  • Party 2 Brokerage Newmark Grubb Knight Frank
  • Event Office Leasing
  • Address 125 Park Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 51,707
notes
The bank signed a 15-year lease.
  • Event Office Leasing
  • Address 125 Park Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 133,215
  • Publication Date 01/01/2015
  • Event Date 11/17/2014
  • Party 1 SL Green Realty
  • Party 2 Newmark Grubb Knight Frank
  • Party 2 Brokerage Newmark Grubb Knight Frank
  • Party 2 Broker Brian Waterman
notes
The real estate company signed a renewal lease. It will expand its space by 31,377 square feet.
  • Event Office Leasing
  • Address 125 Park Avenue
  • Neighborhood Murray Hill
  • Borough Manhattan
  • Square feet 56,764
notes
The law firm signed a new, 15-year lease to occupy the building's seventh and eighth floors.
  • Event Office Leasing
  • Address 125 Park Avenue
  • Neighborhood Murray Hill
  • Borough Manhattan
  • Square feet 52,450
notes
The Internet radio provider signed a 10-year lease on the 19th and 20th floors.
  • Event Office Leasing
  • Address 125 Park Avenue
  • Neighborhood Murray Hill
  • Borough Manhattan
  • Square feet 38,026
notes
The specialized staffing firm signed an 11-year lease for the entire fourth floor and parts of the third floor, the New York Observer reported.
  • Event Office Leasing
  • Address 125 Park Avenue
  • Neighborhood Murray Hill
  • Borough Manhattan
  • Square feet 26,000
  • Publication Date 09/01/2010
  • Event Date 07/23/2010
  • Party 1 New York Blood Center
  • Party 1 Brokerage Cassidy Turley
  • Party 1 Broker David Lebenstein
  • Party 2 Atlantic Philanthropies
  • Party 2 Brokerage Cushman & Wakefield
  • Party 2 Broker Glenn Markman
notes
The nonprofit signed a sublease for the entire 21st floor.
  • Event Sales
  • Address 125 Park Avenue
  • Neighborhood Murray Hill
  • Borough Manhattan
  • Square feet 651,000
  • Price $ 330,000,000
  • Price per foot $ 506.91
notes
The building went into contract for $330 million. The proposed tranaction is expected to close in the Third quarter. The property, originally known as the Pershing Square Building, is currently 99 percent leased.
  • Event Office Leasing
  • Address 125 Park Avenue
  • Neighborhood Murray Hill
  • Borough Manhattan
  • Square feet 57,000
notes
The tailored-clothing company subleased space to consolidate several offices.
  • Event Office Leasing
  • Address 125 Park Avenue
  • Neighborhood Murray Hill
  • Borough Manhattan
  • Square feet 13,500
  • Price per foot $ 55.00
  • Publication Date 03/01/2010
  • Event Date 01/20/2010
  • Party 1 Shorenstein Properties
  • Party 1 Brokerage Newmark Grubb Knight Frank
  • Party 1 Broker Joshua Gosin
  • Party 2 Informatica
  • Party 2 Brokerage Newmark Grubb Knight Frank
  • Party 2 Broker Dan Segal
notes
The data integration software provider signed a seven-year lease for a portion of the 15th floor. The tenant was previously had about 9,000 square feet at 500 Fifth Avenue.
  • Event Office Leasing
  • Address 125 Park Avenue
  • Neighborhood Murray Hill
  • Borough Manhattan
  • Square feet 29,960
  • Publication Date 02/01/2008
  • Event Date 12/23/2007
  • Party 1 Meredith Corporation
  • Party 1 Brokerage Cushman & Wakefield
  • Party 1 Broker Robert Thuss
  • Party 2 Alvarez & Marsal Holdings
  • Party 2 Brokerage Savills Studley
  • Party 2 Broker John Johnson
notes
The global professional services firm signed a sublease.
  • Event Office Leasing
  • Address 125 Park Avenue
  • Neighborhood Murray Hill
  • Borough Manhattan
  • Square feet 31,000
notes
The manufacturer of workspaces and office furniture inked a lease for showroom and office space in the former Satellite Airline Terminal.