StepStone Group Leases 30,000 Sq Ft Office Space At 450 Lexington Ave, New York
450 Lexington Ave, New York, NY, 100...
Building Size
30,000 SF
Asset Type
Office
Closing
Feb 23, 2018
AI
The office property located at 450 Lexington Ave, New York, NY, 100... is a 30,000 square foot space leased by StepStone Group. The landlord in this transaction was RXR Realty, with the lease being facilitated by Michael (Mike) Affronti from CBRE.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not Specified
- Address: 450 Lexington Ave, New York, NY, 100...
- Market: New York
- Landlord's Reps: Michael (Mike) Affronti(CBRE), Ryan Alexander(CBRE), Silvio Petriello(CBRE)
- Tenant: StepStone Group
In this deal, Michael (Mike) Affronti from CBRE represented the landlord, RXR Realty, ensuring a successful lease agreement for StepStone Group.
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