LEASEDOffice
Rudin Management Company Signs 11-Year Office Lease With Corpay Cross-Border Solutions In Manhattan
560 Lexington Avenue
Building Size
17,778 SF
Asset Type
Office
Closing
Aug 17, 2026
About this deal
AI
The property asset involved in the transaction is an office space located at 560 Lexington Avenue in Manhattan’s Plaza District, encompassing a total of 17,778 square feet. The lease has been executed with a focus on an 11-year term.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 560 Lexington Avenue
- Market: Manhattan
- Lease Terms: 11-year office lease
- Landlord: Samantha Rudin Earls & Michael Rudin - Rudin Management Company
- Tenant: Corpay Cross-Border Solutions
- Landlord's Representative: Kevin Daly - Rudin Management Company; Peter Turchin, Brett Shannon, Eric Deutsch & Lauren Levy - CBRE
- Tenant's Representative: Jacob Rosenthal & Kevin Carroll - CBRE
The deal involves key figures including Samantha Rudin Earls and Michael Rudin representing the landlord, while Corpay Cross-Border Solutions is the tenant which will relocate its headquarters this fall to the newly leased space at 560 Lexington Avenue.
On the Map
Office
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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