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Property profile & analytics
FOR LEASE
Office buildings
600 Lexington Ave New York, NY 10022
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US63-0774916
For Lease
1 / 3
$82 SF/Yr
600 Lexington Ave, New York, NY 10022
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1983
Total area
268,106 SF
Lot
0.25 ac (11,050 SF)
Zoning code
C6-6
APN
01307-0014
UPID
US63-0774916
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Eleanor Grosz Law Firm
-
Marcus Evans Ltd Event Planning Wedding Service
-
Iron Hound Management Real Estate Agency
-
IQVIA Corporate Office
-
Delivergent Department Store Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$66.99M
Owner & transaction history
Lex Ny Equities LLC · 8 yrs held
Lex Ny Equities LLC
since 2018
7 recorded transactions
Zoning & alternative use
C6-6 · New York, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs New York submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New York submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$250 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$5,459,384
Tax year 2024
Assessed value
$51,542,520
Assessed 2024
Previous assessed
$51,720,100
-0.3% YoY
Effective rate
10.59%
On assessed value
Assessed land
$6,390,000
Assessed improvement
$45,152,520
Land market value
$14,200,000
Improvement market value
$105,538,000
Total market value
$119,738,000
Applied tax rate
4.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
For Lease
Year built
1983
Heating
NONE
Buildings
1
Stories
35
Units
45
Total area
268,106 SF
Lot
0.25 ac (11,050 SF)
Zoning code
C6-6
APN
01307-0014
UPID
US63-0774916
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C6-6 · New York, NY
Zoning C6-6 · permitted uses
C6-6 · New York, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
New York. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1983
Heating
NONE
Stories
35
Buildings
1
Units
45
Lot
0.25 ac
Current owner
From public records · entity-resolved
Lex Ny Equities LLC
Entity
Mailing address
600 LEXINGTON AVE, NEW YORK, NY 10022-6000
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 23, 2018
$305,000,000
Lex Ny Equities LLC
600 Lexington Owner LLC
Grant Deed
—
Sep 23, 2016
—
600 Lexington Owner LLC
—
Deed
related
$125,000,000 · Wells Fargo Bk
Nov 9, 2010
—
600 Lexington Owner LLC
—
Deed Of Trust
related
$125,000,000 · Bank Of China
Jun 3, 2010
$193,000,000
600 Lexington Owner LLC
Hines 600 Lexington Avenue LLC
Grant Deed
—
Mar 22, 2004
$61,700,500
Hines 600 Lexington Avenue LLC
600 Lexington Avenue Assoc
Grant Deed
related
$31,350,000 · Connecticut General Life Ins
—
—
600 Lexington Owner LLC
—
Deed Of Trust
related
$49,850,000 · Cigna Life Insurance Co
—
—
600 Lexington Owner LLC
—
Loan Modification
related
$125,000,000 · Wells Fargo Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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