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:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 420 Lexington Ave, New York, NY, 100...
- Market: New York
- Square Feet: 12,507
- Tenant: Conduent
- Landlord: SL Green Realty Corp.
- Tenant's Representative: Conor Denihan-CBRE
- Brokers: David Kaufman-Lee & Associates, David Kaufman-Atlanta Fine Homes Sotheby's International Realty
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
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