Sept 30 (Reuters) - Lexington Realty Trust :
* Lexington Realty Trust sells New York city land investments for $338 million
* As result of sale, Lexington expects to record an estimated non-cash impairment charge of approximately $65 million in Q3 of 2016
* "Sale has reduced our leverage considerably and produced cash to retire outstanding balance on our revolving credit facility"
* In connection with sale, approximately $213.1 million of mortgage debt was assumed by buyer Source text for Eikon: Further company coverage: [LXP.N ]