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369 Lexington Ave, New York...

Dentes Trading Advisory Leases Office Space At 369 Lexington Ave From Triangle Assets - Stavrach Family In Midtown East
LEASEDOffice

Dentes Trading Advisory Leases Office Space At 369 Lexington Ave From Triangle Assets - Stavrach Family In Midtown East

369 Lexington Ave, New York, NY 10016, USA

Building Size

2,750 SF

Asset Type

Office

Closing

Sep 21, 2020

AI

The office space located at 369 Lexington Ave in Midtown East has recently been leased. The property, owned by Triangle Assets and the Stavrach Family, was leased to Dentes Trading Advisory. The lease was brokered by Oded Nachmani from Current Real Estate. The terms of the lease include an asking rent of $65 per square foot for a total of 2,750 square feet and a lease term of 5 years.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Lease
  • Address: 369 Lexington Ave
  • Market: Midtown East

To get more information about this lease, please contact Current Real Estate directly by emailing them at [email protected].

Players

Oded Nachmani

Current Real Estate Advisors

Broker

16 deals

Broker
TA
Triangle AssetsLandlord

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93