Xerox Leases 26714 Square Feet At 485 Lexington Ave New York With SL Green Realty Corp
485 Lexington Ave, New York, NY, 100...
$72
$72/SF
Building Size
26,714 SF
Asset Type
Office
Closing
Jan 27, 2017
AI
The property located at 485 Lexington Ave, New York, NY, is a leased space with an area of 26,714 square feet. The lease rate is set at $72 per square foot, indicating the financial terms of the agreement in the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 485 Lexington Ave, New York, NY
- Market: New York
- Tenant: Xerox
- Landlord: SL Green Realty Corp.
- Tenant's Representative: Conor Denihan (CBRE)
- Rent/SF: $72
- Square Feet: 26,714
The transaction reflects the collaborative efforts of Conor Denihan from CBRE, representing the tenant Xerox in this lease agreement, while SL Green Realty Corp. acts as the landlord facilitating the terms of the lease.
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
220319.44%
Cash-on-Cash
-62967.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93