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575 Lexington Ave, New York...

Lively Group Leases Office Space At 575 Lexington Ave, New York
LEASEDOffice

Lively Group Leases Office Space At 575 Lexington Ave, New York

575 Lexington Ave, New York, NY, 100...

Building Size

38,479 SF

Asset Type

Office

Closing

Sep 8, 2016

AI

The office property located at 575 Lexington Ave in New York, NY, 100... has been leased. The property spans 38,479 square feet and was leased on 09/08/2016. The landlord of this asset is George Comfort & Sons, and the tenant in this transaction is Lively Group. Roshan Shah from Avison Young acted as the tenant's representative in this deal.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not Applicable
  • Address: 575 Lexington Ave, New York, NY, 100...
  • Market: New York
  • Tenant: Lively Group
  • Landlord: George Comfort & Sons
  • Square Feet: 38,479
  • Tenant's Rep: Roshan Shah(Avison Young)

The deal involved the Lively Group as the tenant, represented by Roshan Shah from Avison Young, leasing the 38,479 square feet office space from the landlord, George Comfort & Sons. The lease transaction was finalized on 09/08/2016 at the property situated in 575 Lexington Ave, New York, NY, 100...

Players

Roshan Shah

Avison Young

Broker

$10.1M

vol

6 deals

Broker

George Comfort

Sons

Landlord

$219.5M

vol

9 deals

Landlord
LG
Lively GroupTenant

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