Litchfield Cavo Leases Office At 420 Lexington Ave, New York For $65/SF
420 Lexington Ave, New York, NY, 100...
$65
$65/SF
Building Size
8,346 SF
Asset Type
Office
Closing
Sep 12, 2017
AI
The property asset involved in this transaction is an office space located at 420 Lexington Ave, New York, NY. The lease date is recorded as 09/12/2017. The asset consists of 8,346 square feet and has a rent per square foot of $65, situated within the New York market.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 420 Lexington Ave, New York, NY
- Market: New York
- Square Feet: 8,346
- Rent/SF: $65
- Tenant: Litchfield Cavo
- Landlord: SL Green Realty Corp.
- Tenant's Representative: Michael Burlant-Cushman & Wakefield
The key individuals and companies involved in this transaction include the tenant, Litchfield Cavo, who secured the office space, and the landlord, SL Green Realty Corp. Michael Burlant from Cushman & Wakefield represented the tenant in this leasing deal, facilitating the transaction between the parties.
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
244046.15%
Cash-on-Cash
-69749.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93