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:
- Property Type: Office
- Transaction Amount: $118/ft
- Address: 1185 6th Avenue
- Market: Midtown Manhattan
- Square Footage: 39,799
- Lease Term: 10 years
- Landlord: Marc Holliday - SL Green
- Tenant: Moroccanoil
- Landlord's Rep: Brian Waterman, Jonathan Fanuzzi, Brent Ozarowski, David Waterman & Kevin Sullivan - Newmark
- Tenant's Rep: Deborah Van Der Heyden, Yarden Drimmer, Andrew Chase & Tamar Wartanian - Cushman & Wakefield
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
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