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1185 6th Avenue

SL Green Secures 10-Year Renewal And Expansion Lease For Ryan Specialty Group In Midtown Manhattan
LEASEDOffice

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:

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

Howard Grufferman

Colliers

Broker

1 deal

Broker
Marc Holliday

Marc Holliday

SL Green

Landlord

$10.1B

vol

44 deals

Landlord
RG
Ryan Specialty GroupTenant

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