99-Year Ground Lease Closed For 434 Sixth Avenue In Greenwich Village By Marcus & Millichap
434 Sixth Avenue
Building Size
28,619 SF
Asset Type
Office
Closing
Jul 17, 2026
About this deal
AI
The property involved in this transaction is a ground lease located at 434 Sixth Avenue in the Greenwich Village market of Manhattan. This asset is specifically categorized as office space and features a lease term of 99 years.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 434 Sixth Avenue
- Market: Greenwich Village
- Lease Term: 99 Years
- Lease Type: Ground Lease
The transaction was facilitated by Adam Steiner, Eric Michael Anton from Marcus & Millichap, and Joe Koicim. The Anton Group structured the 99-year ground lease, sourced the ground lessee, and managed negotiations through to closing, creatively enhancing value for their client by separating the fee owner from the leasehold interest.
On the Map
Office
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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