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1301 6th Avenue

Updated Aug 26, 2026

LEASEDOffice

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:

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

Kyle Riker

JLL

Broker

13 deals

Broker
Adam Hill

Adam Hill

JLL

Broker
Broker
Adam Hill

Adam Hill

JLL

Broker
Broker
Elecor Properties
Elecor PropertiesLandlord
KeyBank
KeyBankTenant

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

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