Broad Street Development Leases Office Space To Kuhn Law At 370 Lexington Avenue For $65/ft
370 Lexington Avenue
$65
$65/SF
Building Size
6,500 SF
Asset Type
Office
Closing
May 14, 2026
AI
The property asset involved in this transaction is located at 370 Lexington Avenue in Manhattan. It is classified as office space, encompassing a total area of 6,500 square feet. The asking rent for this property was set at $65 per square foot. The lease type established for this transaction is a modified gross lease.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $65/ft
- Square Footage: 6,500
- Address: 370 Lexington Avenue
- Market: Manhattan
- Landlord: Broad Street Development
- Tenant: Kuhn Law
- Tenant's Representative: Elliot Zelinger - Savitt Partners
- Broker: Scott Fink - Savitt Partners
The deal features key players including the landlord, Broad Street Development, and the tenant, Kuhn Law. Representing the tenant, Elliot Zelinger from Savitt Partners played a significant role in the transaction, while the broker for the deal was Scott Fink, also from Savitt Partners.
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