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park avenue South JamaiCa avenue new york, new york QueenS, new york Address Address 315 Park Avenue South 161-10 Jamaica Avenue New York, New York Queens, New York Sales Price Sales Price $265,000,000 $8,026,000 Building Size Building Size 329,402 SF 58,326 SF Building Use Building Use Office Mixed-use Seller Seller Mizrahi Group Brookfield Properties Buyer Buyer BCN Development David Yonathan, LLC 315 Park Avenue South is an 20-story office building containing 329,402 The investment property is a six-story commercial 58,326 square foot rentable square feet. The building occupies the South East corner of Park commercial building located in busy Jamaica Center. The building consists Avenue South and 24th Street near the Flatiron/Gramercy Park district of a Chase retail bank; it also includes three passenger elevators and one of Manhattan. Subject property is in the heart of one of the world’s most freight elevator, which are manually operated. The site also has a two-story dynamic financial and cultural centers. The property is within easy reach annex, as well as an underground parking garage for ten cars, currently of Wall Street, Midtown, and the global headquarters of major companies, occupied by Chase bank. The property has approximately 83,530 square firms, and organizations. feet of air rights for commercial or residential uses, which could be utilized, on top of the two-story annex. 20 © 2016 VENTURE CAPITAL PROPERTIES WWW.VCPRE.COM 21