Wingate, Russotti, Shapiro & Halperin Lease Office Space In New York_GRID{DATE}_LEXINGTON AVENUE
420 Lexington Ave, New York, NY, 100...
Building Size
9,500 SF
Asset Type
Office
Closing
Oct 18, 2021
AI
The office property located at 420 Lexington Ave, New York, NY, 100... has been leased in a recent transaction. The space spans 9,500 square feet and serves as the new location for Wingate, Russotti, Shapiro & Halperin. The landlord, SL Green Realty Corp., was represented by Larry Swiger of SL Green Realty.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not Applicable
- Tenants: Wingate, Russotti, Shapiro & Halperin
- Tenant's Representatives: Michael Gottlieb and William (Bill) McCaffrey from Avison Young
- Landlord: SL Green Realty Corp.
- Landlord's Representative: Larry Swiger from SL Green Realty
- Address: 420 Lexington Ave, New York, NY, 100...
- Market: New York
- Square Feet: 9,500
The deal was facilitated by Michael Gottlieb and William (Bill) McCaffrey of Avison Young, representing the tenant in the leasing agreement. This transaction marks a significant relocation for Wingate, Russotti, Shapiro & Halperin, positioning them in a new office space within the bustling market of New York.
Players
New York Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
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