Vedder Leases 49,000 Square Feet Office Space From Rockefeller Group At 1221 6th Avenue
1221 6th Avenue
Building Size
49,000 SF
Asset Type
Office
Closing
Nov 2, 2026
About this deal
AI
The property involved in this transaction is an office asset located at 1221 6th Avenue in Midtown Manhattan. This office space encompasses a total of 49,000 square feet and represents a significant leasing opportunity in a prime market area.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 1221 6th Avenue
- Market: Midtown Manhattan
- Landlord: Rockefeller Group
- Tenant: Vedder
- Landlord's Representative: Marisa Gadlin - Rockefeller Group; Robert Lowe, Paige Engeldrum, Daniel Organ & Pierce Hance - Cushman & Wakefield
- Tenant's Representative: David Goldstein, Joseph Learner & Scott Weiss - Savills
This lease agreement was facilitated through the collaborative efforts of multiple representatives. The tenant, Vedder, was supported by David Goldstein, Joseph Learner, and Scott Weiss of Savills while the landlord, Rockefeller Group, was represented by Marisa Gadlin along with a team from Cushman & Wakefield, including Robert Lowe, Paige Engeldrum, Daniel Organ, and Pierce Hance. Notably, Vedder signed a long-term lease for the entire 34th floor of the building.
On the Map
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