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1290 6th Avenue

Portage Point Partners Leases 55000 Square Feet Office From Vornado Realty Trust In Manhattan
LEASEDOffice

Portage Point Partners Leases 55000 Square Feet Office From Vornado Realty Trust In Manhattan

1290 6th Avenue

Building Size

55,000 SF

Asset Type

Office

Closing

Dec 8, 2025

AI

The property asset involved in the transaction is located at 1290 6th Avenue, Manhattan, encompassing an office space of 55,000 square feet. This lease involves Portage Point Partners, which will utilize the new space as an expansion from their previous 22,000-square-foot sublease at 640 Fifth Avenue.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 1290 6th Avenue
  • Market: Manhattan
  • Landlord: Steven Roth - Vornado Realty Trust
  • Tenant: Matthew Guckel - Portage Point Partners

The deal highlights Steven Roth's representation as the landlord through his company Vornado Realty Trust, while Matthew Guckel represents Portage Point Partners as the tenant in this leasing agreement.

Players

Steven Roth

Vornado Realty Trust

Landlord

$4.4B

vol

45 deals

Landlord

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