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345 Park Avenue South

345 Park Avenue South
New York, NY 10010
(212) 308-0700
Website
Office, Leasing/Rental

The block-long office building is owned by Aby Rosens RFR Realty, and is leased to a single tenant: the Digitas advertising agency. RFR bought the 309,000-square-foot building in 1992, refinancing it in a May 2013 deal, handled by Citibank, that valued the property at around $180 million. The loan matures two years after Digitass lease expires, reflecting confidence in demand from startups, tech companies and advertising agencies for space in Midtown South, RFR said at the time.

Kenneth W. Sold of Loeb & Loeb represented RFR in 2011 in the 10-year lease to Digitas, which followed an extensive refurbishment program. NE

  • Address 345 Park Avenue South
  • neighborhood Midtown South
  • borough Manhattan
  • owner RFR Holding
  • owner entity 345 PAS OWNER LLC
  • sales/marketing RFR Realty, AJ Camhi
  • Year Built 1913
  • square feet 309,000
  • block and lot 1-00881-0001
  • BIN 1018102
  • Event Financing
  • Address 345 Park Avenue South
  • Neighborhood Flatiron
  • Borough Manhattan
notes
A $100 million, 10-year CMBS loan was provided to refinance the property. 12-story office building.
  • Event Retail Leasing
  • Address 345 Park Avenue South
  • Neighborhood Flatiron
  • Borough Manhattan
  • Square feet 7,675
  • Publication Date 09/01/2010
  • Event Date 07/23/2010
  • Party 1 RFR Holding
  • Party 1 Brokerage RKF
  • Party 1 Broker Robert Futterman, Joshua Strauss, Michael Worthman
  • Party 2 Doral Bank
  • Party 2 Brokerage William Crisp Realty
  • Party 2 Broker William Crisp
notes
The bank signed a lease.
  • Event Office Leasing
  • Address 345 Park Avenue South
  • Neighborhood Flatiron
  • Borough Manhattan
  • Square feet 240,000
  • Publication Date 06/01/2006
  • Event Date 04/17/2006
  • Party 1 RFR Holding
  • Party 1 Brokerage RFR Holding
  • Party 1 Broker Richard Farley
  • Party 2 Digitas
  • Party 2 Brokerage Cushman & Wakefield
  • Party 2 Broker Don Preate, Frank Coco, Jamie Katcher
notes
The Internet marketing firm, which occupied significant space in the property, signed an early renewal and expansion for 15 years.
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