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1285 6th Avenue

Latham & Watkins Signs 12-Year Lease For 120000 Square Feet At 1285 6th Avenue
LEASEDOffice

Latham & Watkins Signs 12-Year Lease For 120000 Square Feet At 1285 6th Avenue

1285 6th Avenue

Building Size

120,000 SF

Asset Type

Office

Closing

Jul 31, 2025

AI

The property asset involved in the transaction is an office located at 1285 6th Avenue in Midtown Manhattan. The asset encompasses 120,000 square feet of space, reflecting a significant presence in the market.

Summary of transaction details:

Latham & Watkins has entered into a 12-year lease agreement to expand its footprint in Midtown Manhattan, occupying space at RXR’s 1285 Avenue of the Americas. This deal was facilitated by representatives from both the landlord and tenant sides, highlighting the collaborative effort involved in securing the lease.

Players

Emily Jones Chabrier

CBRE

Broker

15 deals

Broker
CBRE
CBREBrokerage
RXR Realty
RXR RealtyBrokerage
Scott Rechler

Scott Rechler

RXR Realty

Landlord

$9.1B

vol

24 deals

Landlord
RXR Realty
RXR RealtyLandlord
Latham & Watkins
Latham & WatkinsTenant

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