Citymeals On Wheels Leases 15,214 Square Feet At 360 Lexington Avenue In Midtown Manhattan
360 Lexington Avenue
Building Size
15,214 SF
Asset Type
Office
Closing
Oct 10, 2025
AI
The asset involved in this lease transaction is located at 360 Lexington Avenue in Midtown Manhattan. The property is an office space with a total square footage of 15,214. Citymeals on Wheels has signed a lease for this space, relocating from its previous office across the street at 355 Lexington Avenue.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 360 Lexington Avenue
- Market: Midtown Manhattan
- Landlord: Jonathan Bennett - AmTrust RE
- Tenant: Beth Shapiro - Citymeals on Wheels
- Landlord's Representative: Samuel Salberg - AmTrust RE; Benjamin Bass, Mitchell Konsker, Barbara Winter & Thomas Swartz - JLL
- Tenant's Representative: Steven Soutendijk - Cushman & Wakefield
This transaction highlights the roles of key representatives involved in the deal. Jonathan Bennett from AmTrust RE represents the landlord, while Beth Shapiro represents Citymeals on Wheels as the tenant. The lease arrangement saw multiple representatives from both AmTrust RE and JLL supporting the landlord's interests. Meanwhile, Cushman & Wakefield was involved in representing the tenant throughout the negotiations.
Players
Brooklyn Office Market Snapshot
Boundary boundary · Office · 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