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750 Lexington Avenue

Communify Signs 10-Year Lease For 12000 Square Feet At 750 Lexington Avenue With Charles S. Cohen
LEASEDOffice

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

Tony Builder

Broker

9 deals

Broker
CR
Cohen Brothers RealtyLandlord

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