LEASEDOffice
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
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.
Players
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93