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1177 6th Avenue

H.W. Kaufman Group Leases Office Space From Silverstein Properties At 1177 6th Avenue
LEASEDOffice

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:

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

Kirill Azovtsev

Savills

Broker

$10.3M

vol

28 deals

Broker
Lisa Silverstein

Lisa Silverstein

Silverstein Properties

Landlord

6 deals

Landlord

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