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1133 6th Avenue

Massumi & Consoli Signs Seven-Year Lease For 22915 Square Feet At 1133 6th Avenue
LEASEDOffice

Massumi & Consoli Signs Seven-Year Lease For 22915 Square Feet At 1133 6th Avenue

1133 6th Avenue

Building Size

22,915 SF

Asset Type

Office

Closing

Aug 21, 2025

AI

The asset involved in the transaction is an office space located at 1133 6th Avenue in the Midtown Manhattan market, covering a total of 22,915 square feet. The space was leased by Massumi + Consoli after relocating from Vornado’s Penn 1, and it is noted that the new lease is five times larger than their previous space.

Summary of transaction details:

The transaction involved key individuals including Douglas Durst, who is the landlord representing Durst Organization, and Peter Massumi, the tenant from Massumi + Consoli. The leasing agreement was facilitated by representatives from both parties, with JLL representing the tenant and The Durst Organization representing the landlord.

Players

Andrew Coe

JLL

Broker

$500M

vol

18 deals

Broker
JLL
JLLBrokerage
Durst Organization
Durst OrganizationLandlord

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