LEASEDOffice
L.E.K. Consulting Signs 10-Year Lease For 54000 Sq Ft Office In Midtown Manhattan
1166 6th Avenue
Building Size
54,000 SF
Asset Type
Office
Closing
Jun 26, 2025
AI
The property asset involved in this transaction is an office space located at 1166 6th Avenue in Midtown Manhattan. The total square footage of the space is 54,000 sq. ft.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 1166 6th Avenue
- Market: Midtown Manhattan
- Landlord: Edward Minskoff - Edward J. Minskoff Equities (EJME) & Marsh McLennan
- Tenant: L.E.K. Consulting
- Landlord's Representative: Andrew Sachs, David Falk, Peter Shimkin & Tim Gibson - Newmark
- Tenant's Representative: Allyson Bowen - Savills
The lease was signed for a duration of 10 years, with L.E.K. Consulting relocating from 114 West 47th Street to occupy parts of the 24th and 25th floors in the new building.
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