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1114 6th Avenue

Trade Desk Expands At 1114 6th Avenue With Cushman & Wakefield Brokers
LEASEDOffice

Trade Desk Expands At 1114 6th Avenue With Cushman & Wakefield Brokers

1114 6th Avenue

Building Size

126,000 SF

Asset Type

Office

Closing

May 13, 2024

AI

The office property located at 1114 6th Avenue in Midtown Manhattan spans 126,000 square feet. The landlord, Brookfield Properties, leased the space to Trade Desk, who is expanding within the Grace Building. This transaction involves Trade Desk backfilling 126,000 square feet previously occupied by Bain & Company, thereby increasing their total space to 312,000 square feet.

Summary of transaction details:

The brokers involved in this lease deal are Carlo Brignardello, Connor Daugstrup, Anthony LoPresti, and Ethan Silverstein from Cushman & Wakefield.

Players

Anthony LoPresti

Cushman & Wakefield

Broker

11 deals

Broker

New York Office Market Snapshot

Boundary boundary · Office · Lease 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