SL Green Realty Corp. Leases Office Space At 485 Lexington Ave, New York
485 Lexington Ave, New York, NY, 100...
Building Size
54,199 SF
Asset Type
Office
Closing
Mar 5, 2020
About this deal
AI
The office property located at 485 Lexington Ave in New York, NY, spans a total of 54,199 square feet. The landlord, SL Green Realty Corp., facilitated a lease transaction for this asset on 03/05/2020.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Market: New York
- Landlord's Rep: Steven Durels
The landlord's representative in the deal was Steven Durels from SL Green Realty Corp.
Traded’s record for 485 Lexington Ave, New York, NY, 100... in New York, New York covers a office lease from 2020. The building is 54,199 square feet, implying about 0 per square foot on the published price. Named participants on the 485 Lexington Ave, New York, NY, 100... lease are Steven Durels. This page is the New York, New York file for the 485 Lexington Ave, New York, NY, 100... office leased: pricing, party profiles, and other closed office comps from the same New York sit in the Market section below. Filter that New York office set by closing date to see what else leased near 485 Lexington Ave, New York, NY, 100... around 2020. Cite this SL Green Realty Corp. Leases Office Space At 485 Lexington Ave, New York lease when underwriting similar office product around New York, New York.
Players
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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