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1185 6th Avenue

Moroccanoil Leases 39,799 SF Office Space At 1185 6th Avenue In Midtown Manhattan
LEASEDOffice

Moroccanoil Leases 39,799 SF Office Space At 1185 6th Avenue In Midtown Manhattan

1185 6th Avenue

$118

$118/SF

Building Size

39,799 SF

Asset Type

Office

Closing

Nov 10, 2025

AI

The property asset involved in this transaction is located at 1185 6th Avenue, situated in Midtown Manhattan. This office space encompasses 39,799 square feet and has an asking rent of $118 per square foot. The lease has been established as a 10-year term with the landlord being SL Green, represented by Brian Waterman, Jonathan Fanuzzi, Brent Ozarowski, David Waterman, and Kevin Sullivan.

Summary of transaction details:

The deal marks Moroccanoil's relocation from 135 E. 57th Street, which is converting to residential use. The transaction enhances SL Green's leasing profile, bringing the 1185 6th Avenue tower to over 90% leased, reflecting ongoing leasing momentum in Midtown.

Players

Brian Waterman

Newmark

Broker

$300.4M

vol

30 deals

Broker
SL Green
SL GreenLandlord

New Hyde Park 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

134432.20%

Cash-on-Cash

-38421.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93