LEASEDOffice
SummitTX Capital Signs 11-Year Lease For 17,778 Square Feet At 560 Lexington Avenue
560 Lexington Avenue
Building Size
17,778 SF
Asset Type
Office
Closing
Mar 2, 2026
AI
The asset involved in this transaction is an office space located at 560 Lexington Avenue in Manhattan. The space encompasses approximately 17,778 square feet on the 19th floor of the building.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Lease Term: 11 years
- Landlord: Samantha Rudin Earls & Michael Rudin - Rudin Management Company
- Tenant: SummitTX Capital
- Previous Location of Tenant: 75 Rockefeller Plaza
Hedge fund SummitTX Capital has signed the lease, indicating a strategic relocation to the new premises as it expands its operations in Manhattan.
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