SL Green Secures 10-Year Renewal And Expansion Lease For Ryan Specialty Group In Midtown Manhattan
1185 6th Avenue
Building Size
29,166 SF
Asset Type
Office
Closing
Jul 20, 2026
AI
The property asset involved in this transaction is an office space located at 1185 6th Avenue in Manhattan, encompassing a total of 29,166 square feet. The landlord for this property is SL Green, represented by Steven Durels and Marc Holliday. The lease agreement signifies a 10-year renewal and expansion lease for the tenant, Ryan Specialty Group.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: N/A
- Address: 1185 6th Avenue
- Market: Manhattan
- Landlord: Steven Durels & Marc Holliday - SL Green
- Tenant: Ryan Specialty Group
- Lease Terms: 10-year renewal and expansion lease
- Brokers: Howard Grufferman, Catherine Soderquist & Ryan Barr - Colliers; Brian Waterman, Jonathan Fanuzzi, Brent Ozarowski, David Waterman & Kevin Sullivan - Newmark
SL Green Realty has successfully secured two office leasing deals at this address, showcasing ongoing interest and demand for premium office spaces in Midtown Manhattan.
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