SL Green Realty Sells 268,106 SF Office Property In Manhattan For $305M
600 Lexington Ave, New York, NY 10022, USA
Building Size
268,106 SF
Asset Type
Office
Closing
Jan 8, 2018
About this deal
AI
600 Lexington Ave. in New York City's Manhattan market is currently under contract. This office building spans 268,106 SF and is being sold for a price of $305,000,000.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $305,000,000
- Square Footage: 268,106 SF
- Address: 600 Lexington Ave.
- Market: Manhattan
The seller of this property is @slgreen_realty, represented by Marc Holliday and Andrew Matthias. The buyer has not been disclosed.
Traded’s record for 600 Lexington Ave, New York, NY 10022, USA in New York, New York covers a office sale from 2018. The building is 268,106 square feet, implying about 0 per square foot on the published price. Named participants on the 600 Lexington Ave, New York, NY 10022, USA sale are Marc Holliday, Andrew Mathias. This page is the New York, New York file for the 600 Lexington Ave, New York, NY 10022, USA office sold: pricing, party profiles, and other closed office comps from the same New York sit in the Market section below. Filter that New York office set by closing date to see what else sold near 600 Lexington Ave, New York, NY 10022, USA around 2018. Cite this SL Green Realty Sells 268,106 SF Office Property In Manhattan For $305M sale when underwriting similar office product around New York, New York.
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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