KeyBank Expands Lease At Elecor Properties 1301 6th Avenue To 112,924 Square Feet
1301 6th Avenue
Building Size
112,924 SF
Asset Type
Office
Closing
Aug 25, 2026
About this deal
AI
The property asset involved in this transaction is an office space located at 1301 6th Avenue in Manhattan. The total square footage of the space is 112,924, and it is owned by Elecor Properties. KeyBank is the tenant occupying this property.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Landlord: Elecor Properties
- Tenant: KeyBank
- Landlord's Representative: Peter Brindley, Douglas Neye & Sean Kirk - Elecor Properties
- Tenant's Representative: Matthew Astrachan, Justin Haber, Kyle Riker, Adam Hill & Robert Beckstedt - JLL
KeyBank has signed a 15-year renewal and expansion deal, which adds 15,292 square feet to its total occupancy at the property, bringing it to a cumulative 112,924 square feet across multiple floors. This expansion reflects the ongoing growth and commitment of KeyBank at this location.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93