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1285 6th Avenue

Shuji Matsuura Of Mizuho Americas Signs Seven-Year Sublease At 1285 6th Avenue, Manhattan
LEASEDOffice

Shuji Matsuura Of Mizuho Americas Signs Seven-Year Sublease At 1285 6th Avenue, Manhattan

1285 6th Avenue

Building Size

151,409 SF

Asset Type

Office

Closing

Mar 3, 2025

AI

The asset involved in this transaction is an office space located at 1285 6th Avenue in Manhattan, encompassing a total of 151,409 square feet. The leasing agreement pertains to a sublease arrangement without any publicly disclosed transaction amount.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not disclosed
  • Square Footage: 151,409
  • Address: 1285 6th Avenue
  • Market: Manhattan
  • Landlord: Scott Rechler - RXR
  • Tenant: Shuji Matsuura - Mizuho Americas
  • Lease Type: Sublease

In this transaction, Scott Rechler represents RXR as the landlord, while Shuji Matsuura represents Mizuho Americas as the tenant. Mizuho has opted for a seven-year sublease while retaining its 411,000-square-foot headquarters in the vicinity. Leasing activity in Manhattan has shown a decline in pace yet remains elevated when compared to the monthly average recorded in 2024.

Players

Scott Rechler

RXR Realty

Landlord

$9.3B

vol

27 deals

Landlord
MA
Mizuho AmericasTenant

New York 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