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420 Lexington Ave, New York...

Conduent Leases 12507 Square Feet At 420 Lexington Ave With SL Green Realty Corp As Landlord
LEASEDOffice

Conduent Leases 12507 Square Feet At 420 Lexington Ave With SL Green Realty Corp As Landlord

420 Lexington Ave, New York, NY, 100...

Building Size

12,507 SF

Asset Type

Office

Closing

Jan 27, 2017

AI

The lease property is located at 420 Lexington Ave, New York, NY, encompassing a total of 12,507 square feet within the New York market. The landlord of the property is SL Green Realty Corp., and the tenant entering into this agreement is Conduent.

Summary of transaction details:

The transaction involves Conor Denihan from CBRE representing the tenant, Conduent, while the brokers listed are David Kaufman from Lee & Associates and David Kaufman from Atlanta Fine Homes Sotheby's International Realty.

Players

David Kaufman

Lee & Associates

Broker

$39.6M

vol

9 deals

Broker
SL Green
SL GreenLandlord

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