UHY Advisors NY Inc Signs 10-Year Lease For 27,508 SF At 1185 6th Avenue
1185 6th Avenue
Building Size
27,508 SF
Asset Type
Office
Closing
Apr 28, 2026
About this deal
AI
The property asset involved in this transaction is an office space located at 1185 6th Avenue, Midtown Manhattan, with a total square footage of 27,508. The lease agreement encompasses the entire ninth floor of the building.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 1185 6th Avenue
- Market: Midtown Manhattan
- Square Footage: 27,508
- Landlord: Marc Holliday - SL Green
- Tenant: UHY Advisors NY Inc
- Landlord's Representatives: Brian Waterman, Jonathan Fanuzzi, Brent Ozarowski, David Waterman & Kevin Sullivan - Newmark
- Tenant's Representatives: Silvio Petriello & Tamika Kramer - CBRE
The lease was signed for a duration of 10 years, representing a significant commitment from UHY Advisors NY Inc. The transaction was managed with the involvement of several representatives from Newmark and CBRE, showcasing collaboration between prominent firms in the real estate sector.
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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