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600 Lexington Ave, New York...

Property Group Partners Leases 5195 Square Feet At 600 Lexington Ave New York
LEASEDOffice

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

Justin Royce

Cushman & Wakefield

Broker

15 deals

Broker
PP
Property Group PartnersLandlord

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