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1301 6th Avenue

Benesch, Friedlander, Coplan & Aronoff LLP Leases 121000 SF Office At 1301 6th Avenue
LEASEDOffice

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:

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

Mark Weiss

Cushman & Wakefield

Broker

$264.6M

vol

16 deals

Broker
Albert Behler

Albert Behler

Paramount Group

Landlord

$1.3B

vol

12 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