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370 Lexington Avenue

Broad Street Development Leases Office Space To Kuhn Law At 370 Lexington Avenue For $65/ft
LEASEDOffice

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

Elliot Zelinger

Savitt Partners

Broker

8 deals

Broker
Broad Street Development
Broad Street DevelopmentLandlord

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