Silvercrest Asset Management Leases 41,000 Square Feet At 1345 6th Avenue For 15 Years
1345 6th Avenue
Building Size
41,000 SF
Asset Type
Office
Closing
Oct 1, 2026
About this deal
AI
The asset involved in this transaction is an office space located at 1345 6th Avenue, Manhattan, encompassing a total of 41,000 square feet. The lease is established between Fisher Brothers as the landlord and Silvercrest Asset Management as the tenant.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Lease Terms: 15 years
- Landlord: Kenneth Fisher - Fisher Brothers
- Tenant: Silvercrest Asset Management
- Landlord's Representatives: Clark Briffel, Jason Vengilio - Fisher Brothers, Howard Fiddle, Peter Turchin, Gregg Rothkin, Benjamin Joseph, William Iacovelli, Charles Laginestra - CBRE
- Tenant's Representative: Silvio Petriello - CBRE
This lease agreement demonstrates the collaboration between notable representatives from Fisher Brothers and CBRE, facilitating the successful arrangement for Silvercrest Asset Management within this prime Manhattan location. Additionally, i80 Group has secured approximately 17,000 square feet on a separate 10-year term in the same premises.
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Office
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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