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
About this deal
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.
On the Map
$70
$70/SF
Office
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Players
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