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6850 Lexington Avenue

Steve Macauely Purchases Office Building At 6850 Lexington Avenue For $5,395,000 With Brokers Shaya Braverman And Jackie Lubrano
SOLDOffice

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:

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

Shaya Braverman

Keller Williams Realty

Broker

$92.7M

vol

10 deals

Broker

Steve Macauely

Buyer

$5.4M

vol

1 deal

Buyer

Phyllis Miller

Seller

$5.4M

vol

1 deal

Seller

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