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:
- Property Type: LEASE
- Transaction Amount: Not specified
- Address: 601 Lexington Ave, New York, NY, 100...
- Square Feet: 30,000
- Tenant: etc.venues
- Landlord: Boston Properties
- Tenant's Representatives: Louis Buffalino - Cushman & Wakefield, Brian Halberg, Gary Davies - CBRE
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
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