Steve Macauely Purchases Office Building At 6850 Lexington Avenue For $5,395,000 With Brokers Shaya Braverman And Jackie Lubrano
6850 Lexington Avenue
$5,395,000
$269/SF
Building Size
20,000 SF
Asset Type
Office
Closing
Jul 1, 2026
AI
The property asset involved in the transaction is located at 6850 Lexington Avenue in the Los Angeles market. This office asset has a sale price of $5,395,000 and a total square footage of 20,000, resulting in a price per square foot of $269.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $5,395,000
- Square Footage: 20,000
- Price Per Square Foot: $269
- Buyer: Steve Macauely
- Seller: Phyllis Miller
- Buyer’s Representative: Shaya Braverman - Partners CRE
- Seller’s Representative: Jackie Lubrano - Zacuto Group
Key individuals involved in the transaction include buyer Steve Macauely and seller Phyllis Miller, with Shaya Braverman representing the buyer and Jackie Lubrano representing the seller in this agreement.
Players
Los Angeles Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.94%
Cash-on-Cash
-0.84%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93