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1345 6th Avenue

Updated Feb 6, 2025

Canyon Partners Signs 11-Year Lease For 22000 Square Feet In Midtown Manhattan
LEASEDOffice

Canyon Partners Signs 11-Year Lease For 22000 Square Feet In Midtown Manhattan

1345 6th Avenue

Building Size

22,000 SF

Asset Type

Office

Closing

Feb 4, 2025

About this deal

AI

The office asset located at 1345 6th Avenue in Midtown Manhattan comprises a total of 22,000 square feet. The property transaction involves a lease agreement, and the landlord for this transaction is Winston Fisher, representing Fisher Brothers. The tenant, Canyon Partners, is represented by Josh Friedman and Mitch Julis.

Summary of transaction details:

This transaction highlights the collaboration between various parties, with JLL acting as the representative for the tenant side, while CBRE and Fisher Brothers' agents facilitated the landlord’s interests. The lease agreement established a long-term commitment by the tenant to the space at this Midtown location.

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Players

Gregg Rothkin

CBRE

Broker

17 deals

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New York Office Market Snapshot

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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

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