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:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 641 6th Avenue
- Market: Chelsea, Manhattan
- Landlord: Spear Street Capital
- Tenant: Stash Financial
- Landlord's Representative: Jason Greenstein & Jonathan Franzel - Newmark
- Tenant's Representatives: Paul Amrich, Neil King, Meghan Allen & Zachary Price - CBRE
- Asking Rent: $98/ft.
- Square Footage: 12,322
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.
On the Map
$98
$98/SF
Office
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Players
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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