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600 Lexington Avenue New Yo...

Elvinger S.A.R.L PLLC Leases 6,780 SF Office Space At 600 Lexington Avenue In New York
LEASEDOffice

Elvinger S.A.R.L PLLC Leases 6,780 SF Office Space At 600 Lexington Avenue In New York

600 Lexington Avenue New York, New York 10022, USA

Building Size

6,780 SF

Asset Type

Office

Closing

Jul 27, 2023

AI

Elvinger S.A.R.L PLLC has secured a 10-year lease for 6,780 square feet of office space on the 24th floor of 600 Lexington Avenue in the Plaza District of New York. The property, owned by Lex NY Equities, is located in a prime market and offers a desirable location for businesses.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: Not mentioned
  • Address: 600 Lexington Avenue
  • Market: New York
  • Square Footage: 6,780

The lease agreement was facilitated by Bianca DiMauro, Connor Daugstrup, David Hoffman, Sam Hoffman, and Harry Blair of Cushman & Wakefield, who served as the brokers in this transaction. Their expertise and negotiation skills played a crucial role in finalizing the deal between the landlord, Lex NY Equities, and the tenant, Elvinger S.A.R.L PLLC.

Players

Harry Blair

Cushman & Wakefield

Broker

16 deals

Broker

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