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675 6th Avenue

Candid Group Signs Seven-Year Lease For 28687 Square Feet At 675 6th Avenue Chelsea
LEASEDOffice

Candid Group Signs Seven-Year Lease For 28687 Square Feet At 675 6th Avenue Chelsea

675 6th Avenue

Building Size

28,687 SF

Asset Type

Office

Closing

Jan 27, 2026

AI

The asset involved in this transaction is an office space located at 675 6th Avenue in Chelsea, with a total area of 28,687 square feet. The lease secured is for a seven-year term.

Summary of transaction details:

The deal involves GFP Real Estate signing Candid Group to the lease, with plans for the tenant to relocate in February. The parties involved in the representation include Alphie Toro acting on behalf of the landlord, alongside Anthony Sciacca and Scott Gutnick from Newmark, while the tenant is represented by Justin Haber, Kyle Riker, and Emma Gill from JLL.

Players

Kyle Riker

JLL

Broker

11 deals

Broker
Jeffrey Gural

Jeffrey Gural

GFP Real Estate

Landlord

$915.3M

vol

20 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