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566 Lexington Ave, New York...

Cornell University Leases Office Space At 566 Lexington Ave, New York
LEASEDOffice

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

Robert Eisenberg

Broker

$18.1M

vol

6 deals

Broker
The Feil Organization
The Feil OrganizationBrokerage
The Feil Organization
The Feil OrganizationLandlord

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