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369 Lexington Ave, New York...

Breather Leases Office Space At 369 Lexington Ave, New York For $65/SF
LEASEDOffice

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

Ramsey Feher

CBRE

Broker

6 deals

Broker
TA
Triangle AssetsLandlord
B
BreatherTenant

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