facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Office

/

Lease

/

450 Lexington Ave, New York...

StepStone Group Leases 30,000 Sq Ft Office Space At 450 Lexington Ave, New York
LEASEDOffice

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

Silvio Petriello

CBRE

Broker

13 deals

Broker
RXR Realty
RXR RealtyLandlord

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