Updated Dec 4, 2024
Netflix Signs 7-Month Lease At 1155 Sixth Avenue, Midtown Manhattan
1155 6th Avenue, Manhattan, New York, NY, USA
Building Size
16,563 SF
Asset Type
Commercial
Closing
Mar 9, 2021
About this deal
AI
Netflix has leased a commercial space at 1155 Sixth Avenue in Midtown, Manhattan. The property is owned by The Durst Organization. The lease transaction was facilitated by broker Ashley Mays.
Summary of transaction details:
- Property Type: Commercial
- Transaction Date: 03/10/2020
- Asking Rent: $115
- Square Footage: 16,563
- Term: 7 Months
The leased space at 1155 Sixth Avenue will serve as a location for Netflix's operations. The deal represents a short-term agreement with a duration of 7 months.
Traded’s record for 1155 6th Avenue, Manhattan, New York, NY, USA in New York, New York covers a commercial lease from 2021. Published size for 1155 6th Avenue, Manhattan, New York, NY, USA is 16,563 square feet. Ashley Mays, Durst Organization appear on the lease alongside Durst Organization. This page is the New York, New York file for the 1155 6th Avenue, Manhattan, New York, NY, USA commercial leased: pricing, party profiles, and other closed commercial comps from the same New York sit in the Market section below. Filter that New York commercial set by closing date to see what else leased near 1155 6th Avenue, Manhattan, New York, NY, USA around 2021. Cite this Netflix Signs 7-Month Lease At 1155 Sixth Avenue, Midtown Manhattan lease when underwriting similar commercial 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