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420 Lexington Ave, New York...

Wingate, Russotti, Shapiro & Halperin Lease Office Space In New York_GRID{DATE}_LEXINGTON AVENUE
LEASEDOffice

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

William McCaffrey

Avison Young

Broker

6 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