Bank Of India Signs 20-Year Lease For 14,630 Square Feet At 1212 6th Avenue Manhattan
1212 6th Avenue
Building Size
14,630 SF
Asset Type
Office
Closing
Oct 2, 2026
About this deal
AI
The property asset involved in this transaction is an office space located at 1212 6th Avenue, Manhattan, comprising 14,630 square feet. The landlord for this lease is Stawski Partners, while the tenant is the Bank of India.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 1212 6th Avenue
- Market: Manhattan
- Asset Size: 14,630 square feet
- Lease Terms: 20 years
- Landlord: Stawski Partners
- Tenant: Bank of India
- Landlord's Representatives: Paul Glickman, Diana Biasotti, Gregory Wang & Harrison Potter - JLL
- Tenant's Representatives: Christopher Helgesen, Dirk Hrobsky & Alejandro Alvarez - Cushman & Wakefield & Joseph Hilton - Joseph Hilton & Associates
In this deal, Stawski Partners signed the Bank of India to a lease agreement, demonstrating their commitment to long-term occupancy. Additionally, IQ-EQ Fund Services was signed to a separate 10-year lease for 14,132 square feet at the same location, indicating ongoing interest in the office space at 1212 Avenue of the Americas in Midtown.
On the Map
Office
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Players
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