Genius Sports Leases 53,000 Square Feet At 1290 Sixth Avenue In Manhattan For 10 Years
1290 6th Avenue
$99
$99/SF
Building Size
53,000 SF
Asset Type
Office
Closing
Aug 25, 2026
About this deal
AI
The property asset involved in this transaction is located at 1290 6th Avenue in Manhattan, featuring office space totaling 53,000 square feet. The asking rent for the lease is set at $99 per square foot, and the lease agreement spans a period of 10 years. This deal will contribute to Vornado Realty Trust achieving a 95% occupancy rate at the Midtown tower.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $99/ft
- Address: 1290 6th Avenue
- Market: Manhattan
- Asset Size: 53,000 square feet
- Lease Terms: 10 years
- Landlord: Steven Roth - Vornado Realty Trust
- Tenant: Mark Locke - Genius Sports
- Broker Representatives: Joshua Berg & A.j. Dorn - Newmark
This lease transaction was facilitated by brokers Joshua Berg and A.j. Dorn from Newmark, who represented the parties involved. The tenant, Mark Locke, is relocating and expanding the New York headquarters for Genius Sports as part of this agreement.
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
160232.32%
Cash-on-Cash
-45794.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93