Cornell University Leases Office Space At 566 Lexington Ave, New York
566 Lexington Ave, New York, NY, 100...
Building Size
19,500 SF
Asset Type
Office
Closing
Oct 26, 2018
AI
The property asset involved in this transaction is an office space located at 566 Lexington Ave, New York, NY, with a total square footage of 19,500. This lease transaction was executed in the New York market.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 566 Lexington Ave, New York, NY, 100...
- Market: New York
- Square Feet: 19,500
- Tenant: Cornell University
- Landlord: Feil Organization
- Tenant's Representative: Robert Eisenberg
The key individuals involved in this deal include tenant Cornell University, represented by Robert Eisenberg, and the landlord, Feil Organization. Their roles signify the parties that have engaged in this lease transaction.
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