Broadway Bodies Leases 1500 Square Feet At 50 Lexington Ave New York From Lex Tenants Corp
50 Lexington Ave, New York, NY, 10010
Building Size
1,500 SF
Asset Type
—
Closing
Nov 19, 2023
AI
The lease involves a property located at 50 Lexington Ave, New York, NY, 10010, within the New York market. The asset encompasses a total area of 1500 square feet. The landlord for this transaction is Lex Tenants Corp. Board of Directors.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 50 Lexington Ave, New York, NY, 10010
- Market: New York
- Square Feet: 1500
- Tenant: Broadway Bodies
- Landlord: Lex Tenants Corp. Board of Directors
- Tenant's Representatives: Joshua Gettler-New Street Realty Advisors, Matthew Gorman-CBRE, Christopher Bruggers-New Street Realty Advisors
This deal features Broadway Bodies as the tenant, represented by Joshua Gettler and Christopher Bruggers from New Street Realty Advisors, along with Matthew Gorman from CBRE. The involvement of these representatives highlights the collaborative effort in securing this lease agreement.
Players
New York CRE Market Snapshot
Boundary boundary · CRE · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93