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1166 6th Avenue

L.E.K. Consulting Signs 10-Year Lease For 54000 Sq Ft Office In Midtown Manhattan
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

David Falk
Verified Badge

David Falk

Newmark

Broker

61 deals

Broker

Peter Shimkin

Newmark

Broker

$10M

vol

33 deals

Broker
Savills
SavillsBrokerage
Newmark
NewmarkBrokerage

New York Office Market Snapshot

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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