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Everest Leases 66,444 SF Office Space At 1155 6th Avenue, Midtown Manhattan
LEASED
$85
New York
See Similar DealsOffice66,444 SF
Leased 04/15/2024
LEASED
Everest Leases 66,444 SF Office Space At 1155 6th Avenue, Midtown Manhattan
1155 6th Avenue
See Similar DealsOffice66,444 SF
Leased 04/15/2024
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$85
Total Square Footage:66,444 SF
Transaction Type:Lease
The office property located at 1155 6th Avenue in Midtown Manhattan was leased out in a significant transaction. The space spans 66,444 square feet, with an asking rent of $85 per square foot.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Landlord: Jonathan Durst, Thomas Bow, Rocco Romeo, and Nora Caliban - Durst Organization
- Tenant: Everest
- Brokers: Eric Deutsch & Jared Freede - CBRE
- Lease Term: 15-year lease
Insurance and reinsurance firm Everest signed a 15-year lease for 66,444 square feet across the seventh through ninth floors of the building at 1155 6th Avenue. The deal was facilitated by brokers Eric Deutsch and Jared Freede of CBRE, marking a significant expansion of Everest's presence in New York City.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$6,474,500.97
Total Lease Value
$64,745,009.74
Net Landlord Cash Flow$6,474,500.97
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