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:
- Property Type: Office
- Transaction Amount: Not specified
- Lease Duration: Seven years
- Landlord: Douglas Durst - Durst Organization
- Tenant: Peter Massumi - Massumi + Consoli
- Landlord's Representatives: Tom Bow, Rocco Romeo & Nora Caliban - The Durst Organization
- Tenant's Representatives: Andrew Coe, Jim Schoolfield, Margaux Kelleher & Jakob Cohn - JLL
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
New York Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
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