386 Park Avenue South | The Real Deal New York

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386 Park Avenue South

386 Park Avenue South
New York, NY 10016
Office, Leasing/Rental
  • Address 386 Park Avenue South
  • neighborhood NoMad
  • borough Manhattan
  • owner entity 386 PARK SOUTH LLC
  • floors 20
  • Year Built 1927
  • commercial units 53
  • total units 53
  • square feet 232,133
  • block and lot 1-00857-0038
  • BIN 1016890

04/13/17
...paid $111.5 million for a 20-story office building at 386 Park Avenue South. They sold that property in January for $201.5 million. Cushman & Wakefield is representing the...

07/13/16
...From left: 2 Park Avenue, the building's entrance and 386 Park Avenue South Advertising-technology firm the Trade Desk, which is reportedly heading for an initial public offering...

01/21/16
...From left: 126 East 56th Street and 386 Park Avenue South A Manhattan-based father and daughter construction team allegedly cheated subcontractors and a client out...

12/09/15
...million in 2012 for a 20-story office building at 386 Park Avenue South. They sold the property in January for $201.5 million. Last month, Macklowe, son of 432 Park...

12/17/14
...Avenue South, Billy Macklowe (top), William Fung and 386 Park Avenue South Two prominent developers are in contract to sell a pair of Midtown South towers...

10/17/14
...From left: Billy Macklowe, 386 Park Avenue South, Doug Harmon and Adam Spies Billy Macklowe is testing the frothy Midtown South office...

07/15/14
...and the acquisition of 100 Wall Street, 80 Broad Street, 386 Park Avenue South, 104 West 40th Street, 1375 Broadway and 5 Hanover Square through a $550 million real estate investment fund...

05/21/14
...From left: William Macklowe, 386 Park Avenue South and the Trade Desk William Macklowe Company and Principal Real Estate Investors agreed to...

02/18/14
...son's projects have been smaller, including the of 386 Park Avenue South -- but he's in no rush for bigger deals, he told the Journal.  --...

02/05/14
...From left: Billy Macklowe, 386 Park Avenue South Billy Macklowe's 386 Park Avenue South signed an advertising and marketing communications agency to a...

01/07/14
...the Midtown South market, where he picked up 386 Park Avenue South last year for over $110 million. – Hiten Samtani...

12/11/13
...From left: William Macklowe and 386 Park Avenue South Digital company NewsCred has inked a deal for over 13,000 square feet at William Macklowe's...

12/05/13
...company NewsCred picks up 13,000 square feet at Macklowe's 386 Park Avenue South 6. Name-changing nabes like Dumbo signal upcoming boom 7. Architects fawn over fellow architect Foster + Partners...

11/08/13
...the Midtown South market, where he picked up 386 Park Avenue South last year for over $110 million. -- Julie Strickland...

08/05/13
...From left: William Macklowe and 386 Park Avenue South Billy Macklowe is getting a new tenant for a Park Avenue South tower that...

05/01/13
...Billy Macklowe and 386 Park Avenue South Profero, a communications firm specializing in digital advertising and marketing, has signed a 13,121-square-foot...

04/17/13
...Mobile advertiser MoPub moves from Meatpacking District to 386 Park Avenue South 2. Avenue B building evacuated after falling debris reported 3. Fire at NYPD’s new $656 million...

09/20/12
...South sale for between $110 million and $120 million of 386 Park Avenue South, at 27th Street, to William Macklowe Company, ribbed Macklowe and his plan to charge...

07/13/12
...unit initiative … and more 3. Billy Macklowe to buy 386 Park Avenue South...

07/12/12
...entered contract to purchase the office tower at 386 Park Avenue South, according to Crain's. The sale will reportedly net majority owner Savanna and minority partner...

12/14/11
...HFP Capital Markets moves to full floor of 386 Park Avenue South from 685 Fifth Ave 16. Poet's art events in East Third Street townhouse anger landlords 17. Relevant...

11/09/11
...Publishing, parent of PopSugar, takes two floors at 386 Park Avenue South 7. Homebuyer tax credit artificially propped up housing prices, so those users actually lost out...

10/11/11
...million. It's also acquired 100 Wall Street, 80 Broad Street, 386 Park Avenue South, 104 West 40th Street, 1375 Broadway and 5 Hanover Square through a $550 million real estate investment fund...

04/18/11
...Also included in the fund were purchases at 386 Park Avenue South, 104 West 40th Street and 1375 Broadway, which it bought for just $263 per square foot, the...

01/31/11
...it won the bidding to buy Monday Properties’ 386 Park Avenue South. Midtown-based Savanna, founded during a previous recession in 1992, bought four office buildings last year...
  • Event Office Leasing
  • Address 386 Park Avenue South
  • Neighborhood Gramercy
  • Borough Manhattan
  • Square feet 13,121
notes
The media company signed a lease.
  • Event Office Leasing
  • Address 386 Park Avenue South
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 11,600
notes
The transportation application firm signed a lease.
  • Event Office Leasing
  • Address 386 Park Avenue South
  • Neighborhood NoMad
  • Borough Manhattan
  • Square feet 13,000
notes
The advertising firm signed an expansion lease, adding an additional full floor to their presence in the building.
  • Event Office Leasing
  • Address 386 Park Avenue South
  • Neighborhood NoMad
  • Borough Manhattan
  • Square feet 13,000
notes
The advertising firm signed a lease to double its space in the building.
  • Event Office Leasing
  • Address 386 Park Avenue South
  • Neighborhood NoMad
  • Borough Manhattan
  • Square feet 11,607
notes
The investment management firm signed a 10-year lease for the entire 18th floor.
  • Event Office Leasing
  • Address 386 Park Avenue South
  • Neighborhood NoMad
  • Borough Manhattan
  • Square feet 13,121
notes
The digital advertising and marketing firm signed a lease for the entire 13th floor, the New York Post reported. The tenant is relocating from 28 West 25th Street.
  • Event Office Leasing
  • Address 386 Park Avenue South
  • Neighborhood NoMad
  • Borough Manhattan
  • Square feet 13,121
notes
The mobile advertising company signed a lease on the 12th floor, the New York Post reported.
  • Event Sales
  • Address 386 Park Avenue South
  • Neighborhood NoMad
  • Borough Manhattan
  • Square feet 270,000
  • Price $ 110,000,000
  • Price per foot $ 407.41
notes
The property traded for a price in the range of $110 million to $113 million, according to the New York Post. The buyers plan to renovate the base of the building, with a new lower façade, entrance and lobby, and will have pre-built spaces from 11,000 to 15,000 square feet, the paper said.
  • Event Office Leasing
  • Address 386 Park Avenue South
  • Neighborhood NoMad
  • Borough Manhattan
  • Square feet 13,100
notes
The investment bank signed a 15-year lease for the entire eighth floor. The tenant will initially occupy an 8,500-square-foot, prebuilt suite on the eighth floor, and has agreed to expand to the entire eighth floor in a few years.
  • Event Office Leasing
  • Address 386 Park Avenue South
  • Neighborhood NoMad
  • Borough Manhattan
  • Square feet 13,100
notes
The investment bank signed a 15-year lease for the entire eighth floor. The tenant will initially occupy an 8,500-square-foot, prebuilt suite on the eighth floor, and has agreed to expand to the entire eighth floor in a few years.
  • Event Office Leasing
  • Address 386 Park Avenue South
  • Neighborhood NoMad
  • Borough Manhattan
  • Square feet 2,032
notes
The technology service and products provider signed a lease on the 20th floor. The tenant is relocating from 419 Lafayette Street.
  • Event Office Leasing
  • Address 386 Park Avenue South
  • Neighborhood NoMad
  • Borough Manhattan
  • Square feet 3,073
notes
The restaurant-operating company signed a lease on the 14th floor for its corporate office. The tenant had been subleasing space on the seventh floor.
  • Event Office Leasing
  • Address 386 Park Avenue South
  • Neighborhood NoMad
  • Borough Manhattan
  • Square feet 13,138
  • Publication Date 12/01/2011
  • Event Date 10/22/2011
  • Party 1 Savanna, Monday Properties
  • Party 2 Global Industries
  • Party 2 Brokerage CBRE
  • Party 2 Broker Matt Geery, Chris Stack
notes
The manufacturer of office furnishings signed an 11-year lease for the entire seventh floor.
  • Event Office Leasing
  • Address 386 Park Avenue South
  • Neighborhood NoMad
  • Borough Manhattan
  • Square feet 26,250
notes
The online media company signed a new, 10-year lease for the entire ninth and 10th floors.
  • Event Office Leasing
  • Address 386 Park Avenue South
  • Neighborhood NoMad
  • Borough Manhattan
  • Square feet 2,032
notes
The technology service and products provider signed a lease on the 20th floor. The tenant is relocating from 419 Lafayette Street.
  • Event Office Leasing
  • Address 386 Park Avenue South
  • Neighborhood NoMad
  • Borough Manhattan
  • Square feet 3,073
notes
The restaurant-operating company signed a lease on the 14th floor for its corporate office. The tenant had been subleasing space on the seventh floor.
  • Event Office Leasing
  • Address 386 Park Avenue South
  • Neighborhood NoMad
  • Borough Manhattan
  • Square feet 13,138
  • Publication Date 12/01/2011
  • Event Date 10/22/2011
  • Party 1 Savanna, Monday Properties
  • Party 2 Global Industries
  • Party 2 Brokerage CBRE
  • Party 2 Broker Matt Geery, Chris Stack
notes
The manufacturer of office furnishings signed an 11-year lease for the entire seventh floor.
  • Event Office Leasing
  • Address 386 Park Avenue South
  • Neighborhood NoMad
  • Borough Manhattan
  • Square feet 26,250
notes
The online media company signed a new, 10-year lease for the entire ninth and 10th floors.
  • Event Sales
  • Address 386 Park Avenue South
  • Neighborhood NoMad
  • Borough Manhattan
  • Square feet 210,000
  • Price $ 43,400,000
  • Price per foot $ 206.67
notes
Savanna Partners paid $43.3 million for a stake in the building, allowing Monday Properties to pay off a $37.5 million mortgage on the property.
  • Event Office Leasing
  • Address 386 Park Avenue South
  • Neighborhood NoMad
  • Borough Manhattan
  • Square feet 2,500
notes
The law firm renewed its lease on the second floor for five years.
  • Event Office Leasing
  • Address 386 Park Avenue South
  • Neighborhood NoMad
  • Borough Manhattan
  • Square feet 4,250
notes
The New York State licensing esthetics school extended its lease for space on the third and 14th floors for four years.
  • Event Office Leasing
  • Address 386 Park Avenue South
  • Neighborhood NoMad
  • Borough Manhattan
  • Square feet 1,120
notes
The financial firm signed a three-year lease extension for space on the fifth floor.
  • Event Office Leasing
  • Address 386 Park Avenue South
  • Neighborhood NoMad
  • Borough Manhattan
  • Square feet 2,500
notes
The law firm renewed its lease on the second floor for five years.
  • Event Office Leasing
  • Address 386 Park Avenue South
  • Neighborhood NoMad
  • Borough Manhattan
  • Square feet 4,250
notes
The New York State licensing esthetics school extended its lease for space on the third and 14th floors for four years.
  • Event Office Leasing
  • Address 386 Park Avenue South
  • Neighborhood NoMad
  • Borough Manhattan
  • Square feet 1,120
notes
The financial firm signed a three-year lease extension for space on the fifth floor.
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...of space is at William Macklowe Company’s 386 Park Avenue South at 27th Street, where six floors — 15 through 20 — are available. The space totals 74,270 square feet...

...market.   Sellers: Savanna and Monday Properties Address: 386 Park Avenue South Total profit: $39.4 million Annual return on equity: 105 percent 386 Park Avenue South sold for $111.5 million...

...paid about $42 million for a controlling interest in 386 Park Avenue South, where Anthony Westreich’s Monday Properties had defaulted on its loan. Savanna bought the...
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