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575 Lexington Avenue, New Y...

Gotham Consulting Leases Office Space At 575 Lexington Avenue In Midtown East
LEASEDOffice

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

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.

Players

Thomas Burrus

JLL

Broker

7 deals

Broker
Matthew DeRose
Verified Badge

Matthew DeRose

Nomad Group

Broker

35 deals

Broker
Angelo Gordon & Co.
Angelo Gordon & Co.Landlord

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