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600 Lexington Ave, New York...

Citizen Relations Leases 12000 Square Feet At 600 Lexington Ave New York From SL Green
LEASEDOffice

Citizen Relations Leases 12000 Square Feet At 600 Lexington Ave New York From SL Green

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

Building Size

12,000 SF

Asset Type

Office

Closing

Jan 12, 2016

AI

The transaction involves a lease at 600 Lexington Ave, located in the New York market. The space encompasses 12,000 square feet and involves SL Green as the landlord. The specific terms of the lease agreement are not disclosed.

Summary of transaction details:

The leasing transaction was facilitated by representatives from both the landlord and tenant. Frank Doyle, along with Paul Glickman and Benjamin Bass from JLL, represented SL Green. On the tenant's side, David Hoffman and Judd McArthur from Cushman & Wakefield represented Citizen Relations.

Players

Frank Doyle

JLL

Broker

$538.2M

vol

26 deals

Broker
SL Green
SL GreenLandlord

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