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1133 6th Avenue

Interactive Brokers Group Expands Office Space In Midtown Manhattan By Leasing 5,976 SF
LEASEDOffice

Interactive Brokers Group Expands Office Space In Midtown Manhattan By Leasing 5,976 SF

1133 6th Avenue

Building Size

22,916 SF

Asset Type

Office

Closing

Apr 15, 2024

AI

The office space at 1133 6th Avenue, located in Midtown Manhattan, has been leased by Interactive Brokers Group, expanding their total space by an additional 5,976 square feet. The property is owned by The Durst Organization.

Summary of transaction details:

Interactive Brokers Group's decision to expand their office space at 1133 6th Avenue was facilitated by the representation of Nora Caliban, Rocco Romeo & Thomas Bow from The Durst Organization on the landlord's side, and Christopher Hogan, Roger Griswold & Timothy Dempsey from CBRE on the tenant's side.

Players

Thomas Bow

Durst Organization

Broker

7 deals

Broker
Durst Organization
Durst OrganizationBrokerage

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