Sichenzia Ross Ference Carmel Signs Lease At SL Green’s 1185 6th Avenue In Midtown Manhattan
1185 6th Avenue
Building Size
18,128 SF
Asset Type
Office
Closing
Apr 17, 2025
AI
1185 6th Avenue is an office asset located in Midtown Manhattan, encompassing a total of 18,128 square feet. This property is part of a significant market area known for its commercial real estate opportunities.
Summary of transation details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 1185 6th Avenue
- Market: Midtown Manhattan
- Landlord: Steve Durels & Marc Holliday - SL Green
- Tenant: Sichenzia Ross Ference Carmel
- Brokers: Barry Finkelman & Roi Shleifer - Savills
The lease transaction involves Sichenzia Ross Ference Carmel, which signed an agreement at SL Green’s property. Brokers Barry Finkelman and Roi Shleifer from Savills were instrumental in facilitating this lease, though it remains unclear if the deal represents a renewal or an expansion of the tenant's space within the property.
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