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560 Lexington Avenue

Updated Aug 28, 2026

LEASEDOffice

Savills Signs 5-Year Lease For 20,500 Square Feet At 560 Lexington Avenue From Rudin Management Company

560 Lexington Avenue

Building Size

20,500 SF

Asset Type

Office

Closing

Aug 27, 2026

About this deal

AI

The property asset involved in this transaction is located at 560 Lexington Avenue in the Plaza District, comprising a total square footage of 20,500. This office space is managed by Michael Rudin and Samantha Rudin Earls through Rudin Management Company.

Summary of transaction details:

Savills, specializing in program and project management, entered into a five-year lease agreement for the third floor of the property, thereby occupying the entire floor space available. The brokers involved in this deal were from CBRE, with significant participation from Brett Shannon, Peter Turchin, Eric Deutsch, Lauren Levy, and Jacob Rosenthal.

Players

Brett Shannon

CBRE

Broker

13 deals

Broker
Michael Rudin

Michael Rudin

Rudin Management Company

Landlord

$5.5B

vol

29 deals

Landlord
Savills
SavillsTenant

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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

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