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601 Lexington Ave, New York...

Etc.venues Leases 30000 Square Feet From Boston Properties At 601 Lexington Ave New York
LEASEDOffice

Etc.venues Leases 30000 Square Feet From Boston Properties At 601 Lexington Ave New York

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

Building Size

30,000 SF

Asset Type

Office

Closing

Oct 4, 2019

AI

The property asset involved in this transaction is located at 601 Lexington Ave, New York, NY. It has a total square footage of 30,000 and is situated in the New York market.

Summary of transaction details:

The transaction involves key individuals and companies, with Louis Buffalino representing etc.venues through Cushman & Wakefield, while Brian Halberg and Gary Davies represent the tenant through CBRE. The landlord in this lease transaction is Boston Properties.

Players

Brian Halberg

Broker

2 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