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:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 600 Lexington Ave, New York, NY, 100...
- Market: New York
- Landlord: SL Green
- Tenant: Citizen Relations
- Square Feet: 12,000
- Landlord's Rep: Frank Doyle - JLL
- Tenant's Rep: David Hoffman and Judd McArthur - Cushman & Wakefield
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
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