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
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