245 Park Ave Could Fetch Over $2B
Want to get a jump start on upcoming deals? Meet the major New York City players at one of our upcoming events!
This year’s first marquee Midtown office tower to hit the market is 245 Park Ave.
The 1.8M SF trophy office tower could fetch over $2B, according to the New York Post. If the ownership gets that much for the building, the price would work out to more than $1,100/SF.
Major League Baseball is among the building’s tenants, but it's preparing to move its 220k SF HQ operation from 245 Park Ave, and consolidate with its downtown offices, to 400k SF at 2171 Sixth Ave. [NYP]