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:
- Property Type: Office
- Transaction Amount: Not disclosed
- Landlord: Mikael Nahmias, P.J. Massey, Duncan McCuaig & Hayley Shoener - Brookfield Properties
- Tenant: Trade Desk
- Brokers: Carlo Brignardello, Connor Daugstrup, Anthony LoPresti & Ethan Silverstein - Cushman & Wakefield
The brokers involved in this lease deal are Carlo Brignardello, Connor Daugstrup, Anthony LoPresti, and Ethan Silverstein from Cushman & Wakefield.
Players
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