SOLDOffice
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
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.
Players
New York Office Market Snapshot
Boundary boundary · Office · Sale transactions
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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