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600 Lexington Ave New York,...

Marcus Evans Subleases Office Space At 600 Lexington Avenue In Midtown Manhattan
LEASEDOffice

Marcus Evans Subleases Office Space At 600 Lexington Avenue In Midtown Manhattan

600 Lexington Ave New York, NY 10022, USA

$70

$70/SF

Building Size

6,780 SF

Asset Type

Office

Closing

Aug 18, 2023

AI

The property involved in this lease transaction is located at 600 Lexington Avenue in Midtown Manhattan. It is an office space with a total area of 6,780 square feet. The lease was signed between the subtenant, Marcus Evans, and the sublandlord, Nissan. The landlord of the property is Property Group Partners.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 600 Lexington Avenue
  • Market: Midtown Manhattan

The landlord's representative in this deal is Brandon Fries from CBRE, while the tenant's representative is Ravi Idnani from Newmark. The asking rent for this office space is $70 per square foot.

Players

Ravi Idnani

Newmark

Broker

$3M

vol

67 deals

Broker
N
NissanLandlord

Marcus Evans

Tenant

$9.5M

vol

2 deals

Tenant

Market 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

226614.29%

Cash-on-Cash

-64767.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93