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
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