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1185 6th Avenue

Groombridge, Wu, Baughman & Stone LLP Signs 42,866 Square Foot Lease In Midtown Manhattan
LEASEDOffice

Groombridge, Wu, Baughman & Stone LLP Signs 42,866 Square Foot Lease In Midtown Manhattan

1185 6th Avenue

Building Size

42,866 SF

Asset Type

Office

Closing

Apr 27, 2026

AI

The property involved in the transaction is located at 1185 6th Avenue in Midtown Manhattan. This asset is categorized as an office building, encompassing a total square footage of 42,866. The tenant involved in this lease transaction will occupy the full 37th floor and part of the 36th floor of the building.

Summary of transation details:

The transaction features key individuals from both the landlord and tenant sides. Marc Holliday is the landlord representing SL Green. Groombridge, Wu, Baughman & Stone LLP, the tenant, is represented by Lisa Kiell and Andrew Coe from JLL. The landlord's negotiation team includes Brian Waterman, Jonathan Fanuzzi, Brent Ozarowski, David Waterman, and Kevin Sullivan from Newmark.

Players

Andrew Coe

JLL

Broker

$500M

vol

18 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93