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641 6th Avenue

Updated Sep 3, 2026

LEASEDOffice

Stash Financial Signs Office Lease At 641 6th Avenue Chelsea With Spear Street Capital

641 6th Avenue

$98

$98/SF

Building Size

12,322 SF

Asset Type

Office

Closing

Sep 2, 2026

About this deal

AI

The property asset involved in this transaction is an office space located at 641 6th Avenue in the Chelsea neighborhood of Manhattan. The space has a total square footage of 12,322 and was leased for an asking rent of $98 per square foot.

Summary of transaction details:

The lease transaction involved Stash Financial relocating from its previous office space at 450 Park Avenue South, highlighting a strategic move within Manhattan's business landscape. The deal was facilitated by key representatives from both the landlord and tenant sides, ensuring a smooth transition for Stash Financial to their new location.

Players

Jason Greenstein

Newmark

Broker

18 deals

Broker
Stash Financial
Stash FinancialBuyer
Spear Street Capital
Spear Street CapitalLandlord

New York Office Market Snapshot

Boundary boundary · Office · Lease transactions

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Deal FAQ

About $98 per square foot on a published $98 for 12,322 square feet (2026).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

161867.35%

Cash-on-Cash

-46262.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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