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1251 6th Avenue

Trust Company Renews And Expands Office Lease At 1251 6th Avenue In Midtown Manhattan
LEASEDOffice

Trust Company Renews And Expands Office Lease At 1251 6th Avenue In Midtown Manhattan

1251 6th Avenue

Building Size

80,200 SF

Asset Type

Office

Closing

Dec 17, 2025

AI

The property involved in this lease transaction is located at 1251 6th Avenue in Midtown Manhattan. The asset type is office space, with a total square footage of 80,200 sq. ft. Trust Company has renewed and expanded its lease to occupy the 47th and 48th floors at this address.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 1251 6th Avenue
  • Market: Midtown Manhattan
  • Landlord: Mitsui Fudosan America
  • Tenant: Trust Company
  • Landlord's Representative: David Falk, Peter Shimkin, Eric Cagner & Claire Koeppel - Newmark
  • Tenant's Representative: CBRE

This transaction highlights the involvement of multiple key individuals and firms. The landlord, Mitsui Fudosan America, was represented by David Falk, Peter Shimkin, Eric Cagner, and Claire Koeppel, all from Newmark. The tenant, Trust Company, was represented in the deal by CBRE.

Players

David Falk
Verified Badge

David Falk

Newmark

Broker

61 deals

Broker

Peter Shimkin

Newmark

Broker

$10M

vol

33 deals

Broker
CBRE
CBREBrokerage
Newmark
NewmarkBrokerage
Mitsui Fudosan America
Mitsui Fudosan AmericaLandlord

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