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600 Lexington Avenue

Danny Volk Of Vantage Real Estate Advisors Brokers Modified Gross Lease Deal At 600 Lexington Avenue In Midtown Manhattan
LEASEDOffice

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.

Players

Danny Volk

Vantage Real Estate Advisors

Broker

$9.2M

vol

13 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

184453.49%

Cash-on-Cash

-52717.37%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93