Property Group Partners Leases 5195 Square Feet At 600 Lexington Ave New York
600 Lexington Ave, New York, NY, 100...
Building Size
5,195 SF
Asset Type
Office
Closing
Feb 17, 2022
AI
The property involved in this lease transaction is located at 600 Lexington Ave, New York, NY, with a total square footage of 5,195. It is situated in the market of New York, representing a commercial space under lease agreement.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 600 Lexington Ave, New York, NY, 100...
- Square Feet: 5,195
- Landlord: Property Group Partners
- Landlord's Representative: Justin Royce, Cushman & Wakefield
- Tenant: Not specified
This transaction features Justin Royce, representing the landlord, Property Group Partners, through his agency, Cushman & Wakefield. Specific information about the tenant involved in this lease is not provided in the context.
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