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:
- Property Type: Office
- Transaction Amount: Not specified
- Lease Square Footage: 42,866
- Address: 1185 6th Avenue
- Market: Midtown Manhattan
- Landlord: Marc Holliday - SL Green
- Tenant: Groombridge, Wu, Baughman & Stone LLP
- Landlord's Representative: Brian Waterman, Jonathan Fanuzzi, Brent Ozarowski, David Waterman & Kevin Sullivan - Newmark
- Tenant's Representative: Lisa Kiell & Andrew Coe - JLL
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
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