Gotham Consulting Leases Office Space At 575 Lexington Avenue In Midtown East
575 Lexington Avenue, New York City, New York 10022, United States
Building Size
4,400 SF
Asset Type
Office
Closing
Apr 24, 2022
About this deal
AI
An office space at 575 Lexington Avenue in Midtown East has been leased. The property, with a size of 4,400 square feet, was leased by Gotham Consulting. The lease transaction was facilitated by Matthew DeRose and William Janetschek from Nomad Group, who represented the tenant. The landlord, Angelo Gordon & Co., was represented by Thomas Burrus from Newmark. The asking rent for the lease was $65 per square foot.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 575 Lexington Avenue
- Market: Midtown East
Gotham Consulting has secured a lease for an office space at 575 Lexington Avenue in Midtown East. The lease transaction was handled by Matthew DeRose and William Janetschek from Nomad Group, who represented the tenant. On the other side of the deal, Thomas Burrus from Newmark represented the landlord, Angelo Gordon & Co. The lease was signed with an asking rent of $65 per square foot.
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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