Danny Volk Of Vantage Real Estate Advisors Brokers Modified Gross Lease Deal At 600 Lexington Avenue In Midtown Manhattan
600 Lexington Avenue
$86
$86/SF
Building Size
8,318 SF
Asset Type
Office
Closing
Apr 25, 2024
AI
The property located at 600 Lexington Avenue, Midtown Manhattan, was leased under a Modified Gross Lease. The asset comprises 8,318 square feet with an asking rent of $86 per square foot. The landlord, Lex NY Equities, facilitated the lease deal, with the representation of broker Danny Volk from Vantage Real Estate Advisors.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 600 Lexington Avenue
- Market: Midtown Manhattan
Danny Volk from Vantage Real Estate Advisors was the broker representing the landlord, Lex NY Equities, in the leasing transaction. The deal involved negotiating the terms of the Modified Gross Lease for the office space.
New York Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
184453.49%
Cash-on-Cash
-52717.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93