Communify Signs 10-Year Lease For 12000 Square Feet At 750 Lexington Avenue With Charles S. Cohen
750 Lexington Avenue
$75
$75/SF
Building Size
12,000 SF
Asset Type
Office
Closing
Feb 27, 2025
AI
The property asset involved in this transaction is an office space located at 750 Lexington Avenue in the Lenox Hill market. The space encompasses 12,000 square feet with an asking rent of $75 per square foot.
Summary of transation details:
- Property Type: Office
- Transaction Amount: $75/ft
- Square Footage: 12,000
- Address: 750 Lexington Avenue
- Market: Lenox Hill
- Landlord: Charles S. Cohen - Cohen Brothers Realty
- Tenant: Communify
- Brokers: Glenn Isaacson & Tony Builder - Bradford Allen
- Lease Term: 10 years
The individuals involved in this deal include Charles S. Cohen, who represents the landlord, and the tenant, Communify. Glenn Isaacson and Tony Builder acted as the brokers facilitating the transaction.
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
211506.67%
Cash-on-Cash
-60449.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93