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
About this deal
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:
- Property Type: Office
- Transaction Amount: Not specified
- Lease Term: Seven years
- Landlord: Jeffrey Gural - GFP Real Estate
- Tenant: Candid Group
- Landlord's Representative: Alphie Toro - GFP Real Estate; Anthony Sciacca & Scott Gutnick - Newmark
- Tenant's Representative: Justin Haber, Kyle Riker & Emma Gill - JLL
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.
On the Map
Office
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Players
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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