LibreMax Capital Leases Office Space At 601 Lexington Avenue For 10 Years
601 Lexington Avenue
$96
$96/SF
Building Size
21,000 SF
Asset Type
Office
Closing
Mar 20, 2024
AI
601 Lexington Avenue is the location for a recent lease transaction involving an office space. The lease term spans 10 years, and the space measures 21,000 square feet with an asking rent of $96 per square foot.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not applicable
- Address: 601 Lexington Avenue
- Market: Midtown Manhattan
- Landlord: Owen D. Thomas - BXP
- Tenant: Greg Lippmann - LibreMax Capital
- Landlord's Rep: Andrew Coe, Cynthia Wasserberger, David Kleiner & Frank Doyle - JLL
- Tenant's Rep: Silvio Petriello & Tim Freydberg - CBRE
- Asking Rent: $96 per square foot
- Lease Term: 10 years
LibreMax Capital, an asset management firm, is relocating its headquarters to larger offices at 601 Lexington Avenue through a 10-year lease agreement. This move aligns with the company's expansion strategy and solidifies their presence in Midtown Manhattan.
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
165239.58%
Cash-on-Cash
-47225.98%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93