Breather Leases Office Space At 369 Lexington Ave, New York For $65/SF
369 Lexington Ave, New York, NY, 100...
$65
$65/SF
Building Size
3,800 SF
Asset Type
Office
Closing
May 3, 2017
AI
The office property located at 369 Lexington Ave, New York, NY, 100... spans 3800 square feet with a rental rate of $65 per square foot. The lease was finalized on 05/03/2017 between the tenant, Breather, and the landlord, Triangle Assets. Breather was represented by Ramsey Feher from CBRE.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 369 Lexington Ave, New York, NY, 100...
- Market: New York
- Tenant: Breather
- Landlord: Triangle Assets
- Rent/SF: $65
- Square Feet: 3800
- Tenant's Rep: Ramsey Feher(CBRE)
The deal involved the tenant, Breather, a flexible workspace provider, and the landlord, Triangle Assets, a prominent property ownership entity in New York. Ramsey Feher, representing CBRE, facilitated the leasing agreement for Breather, ensuring a smooth transaction process for both parties involved.
Players
New York 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
244046.15%
Cash-on-Cash
-69749.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93