H.W. Kaufman Group Leases Office Space From Silverstein Properties At 1177 6th Avenue
1177 6th Avenue
$80
$80/SF
Building Size
11,012 SF
Asset Type
Office
Closing
Mar 19, 2025
AI
The property involved in this transaction is an office asset located at 1177 6th Avenue in the New York City market. The lease transaction was finalized at a rent rate of $80 per square foot for a total square footage of 11,012.0 square feet.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $880,960
- Address: 1177 6th Avenue
- Market: New York City
- Tenant: H.W. Kaufman Group
- Landlord: Silverstein Properties
- Tenant's Representatives: Kirill Azovtsev (Savills), Shay Bolton (Savills), Alex Redlus (Savills)
- Landlord's Representatives: Lou D’Avanzo (Cushman & Wakefield), Anthony LoPresti (Cushman & Wakefield), Peter Kerans (Cushman & Wakefield), Caroline Collins (Cushman & Wakefield), Harlan Strader (Silverstein Properties)
This lease was facilitated by several key individuals representing both the tenant and the landlord. The tenant's side was represented by Kirill Azovtsev, Shay Bolton, and Alex Redlus, all from Savills. On the landlord's side, the representation included Lou D’Avanzo, Anthony LoPresti, Peter Kerans, and Caroline Collins from Cushman & Wakefield, alongside Harlan Strader from Silverstein Properties.
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
198287.50%
Cash-on-Cash
-56671.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93