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560 Lexington Avenue

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

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:

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.

Players

Kevin Daly

Rudin Management Company

Broker

3 deals

Broker
Corpay Cross-Border Solutions
Corpay Cross-Border SolutionsBuyer
Michael Rudin

Michael Rudin

Rudin Management Company

Landlord

$5.5B

vol

27 deals

Landlord

New York Office Market Snapshot

Boundary boundary · Office · Lease transactions

Loading comparables…

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