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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
    • 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
    • Publication Date 03/01/2016
    • Event Date 01/01/2016
    • Party 1 HSRE
    • Party 1 Brokerage Newmark Grubb Knight Frank
    • Party 1 Broker David Falk, Eric Cagner, Alex Leopold, Jon Franzel
    • Party 2 Karhoo
    • Party 2 Brokerage Lee & Associates NYC
    • Party 2 Broker Dennis Someck, Justin Myers
    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
    • Publication Date 11/01/2015
    • Event Date 09/22/2015
    • Party 1 HSRE
    • Party 1 Brokerage Newmark Grubb Knight Frank
    • Party 1 Broker Eric Cagner
    • Party 2 Lowe & Partners
    • Party 2 Brokerage JLL
    • Party 2 Broker Scott Panzer, Robert Ramano
    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
    • Publication Date 06/01/2013
    • Event Date 04/22/2013
    • Party 1 William Macklowe Company, Principal Real Estate Investors
    • Party 1 Brokerage CBRE
    • Party 1 Broker Paul Amrich, Neil King, Ross Zimbalist
    • Party 2 MoPub
    • Party 2 Brokerage Cushman & Wakefield
    • Party 2 Broker Tim Gibson
    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
    • Publication Date 02/01/2012
    • Event Date 12/23/2011
    • Party 1 Savanna, Monday Properties
    • Party 2 HFP Capital Markets
    • Party 2 Brokerage Newmark Grubb Knight Frank
    • Party 2 Broker John Moran, Hope Brodsky, Neil Goldmacher
    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
    • Publication Date 02/01/2012
    • Event Date 12/23/2011
    • Party 1 Savanna, Monday Properties
    • Party 2 HFP Capital Markets
    • Party 2 Brokerage Newmark Grubb Knight Frank
    • Party 2 Broker John Moran, Hope Brodsky, Neil Goldmacher
    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 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 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 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 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 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 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 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 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 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 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 4,250
    notes
    The New York State licensing esthetics school extended its lease for space on the third and 14th floors for four years.
    To see all, go to Advanced Search

    06/03/2013
    The new chunk of space is at William Macklowe Company’s 386 Park Avenue South at 27th Street, where six floors â€' 15 through 20 â€' are available...

    12/01/2012
    The wily opportunistic investment fund Savanna, founded in 1992 and led by comanaging partners Christopher Schlank and Nicholas Bienstock, purchased 386 Park Avenue South in 2010, when many investors were too cautious to make a move...

    10/01/2010
    Savanna’s other two purchases were also acquired through distressed notes. It paid about $42 million for a controlling interest in 386 Park Avenue South, where Anthony Westreich’s Monday Properties had defaulted on its loan...
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