Modal Labs Signs 157,000 Square Foot Lease At Rudin Management's 32 6th Avenue In Tribeca
32 6th Avenue
Building Size
157,000 SF
Asset Type
Office
Closing
Nov 6, 2026
About this deal
AI
The asset involved in this lease transaction is an office space located at 32 6th Avenue in the Tribeca market of Manhattan. This property spans 157,000 square feet, providing ample space for business operations.
Summary of transation details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 32 6th Avenue
- Market: Tribeca, Manhattan
- Square Footage: 157,000
- Landlord: Michael Rudin & Samantha Rudin Earls - Rudin
- Tenant: Erik Bernhardsson - Modal Labs
Modal Labs, represented by Erik Bernhardsson, has signed a lease for the office space and plans to relocate from its current location at 233 Spring Street in mid-2027.
On the Map
Office
View full map
Players
New York Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
Deal FAQ
Browse New York office leases on Traded.
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