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420 Lexington Ave, New York...

Litchfield Cavo Leases Office At 420 Lexington Ave, New York For $65/SF
LEASEDOffice

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

Michael Burlant

Cushman & Wakefield

Broker

2 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

244046.15%

Cash-on-Cash

-69749.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93