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601 Lexington Ave, New York...

BTG Pactual Leases 31401 Square Feet At 601 Lexington Ave New York With Brian Goldman As Representative
LEASEDOffice

BTG Pactual Leases 31401 Square Feet At 601 Lexington Ave New York With Brian Goldman As Representative

601 Lexington Ave, New York, NY, 100...

Building Size

31,401 SF

Asset Type

Office

Closing

Nov 19, 2023

AI

The property involved in this lease transaction is located at 601 Lexington Ave, New York, NY. The market value pertains to New York, and the leased space encompasses an area of 31,401 square feet.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 601 Lexington Ave, New York, NY, 100...
  • Tenant: BTG Pactual
  • Landlord: Boston Properties
  • Tenant's Representative: Brian Goldman - CapRock Real Estate
  • Square Feet: 31,401

This transaction features key individuals and entities, including the tenant BTG Pactual, represented by Brian Goldman from CapRock Real Estate, while the landlord is Boston Properties. The lease underscores the commitment of all parties to fulfill their respective roles in this transaction.

Players

Brian Goldman

CapRock Real Estate

Broker

$4.4M

vol

4 deals

Broker
Boston Properties
Boston PropertiesLandlord

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