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
New York Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
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