Benesch, Friedlander, Coplan & Aronoff LLP Leases 121000 SF Office At 1301 6th Avenue
1301 6th Avenue
Building Size
121,000 SF
Asset Type
Office
Closing
May 16, 2025
AI
The property asset involved in the transaction is located at 1301 6th Avenue, Manhattan, comprising an office space totaling 121,000 square feet. The lease agreement spans a duration of 16.5 years and includes an allocation of 30,000 square feet designated as short-term space.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 1301 6th Avenue
- Market: Manhattan
- Landlord: Albert Behler - Paramount Group
- Tenant: Benesch, Friedlander, Coplan & Aronoff LLP
- Landlord's Representative: Andrew Coe, David Kleiner & Frank Doyle - JLL
- Tenant's Representative: Mark Weiss - Cushman & Wakefield
This transaction highlights the involvement of key representatives, such as Andrew Coe, David Kleiner, and Frank Doyle from JLL, representing the landlord, while Mark Weiss from Cushman & Wakefield represents the tenant, Benesch, Friedlander, Coplan & Aronoff LLP, in this significant leasing agreement.
Players
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