Durst Organization Signs Three Office Leases Totaling 11,223 Square Feet In Manhattan
1133 6th Avenue
Building Size
11,223 SF
Asset Type
Office
Closing
Jul 23, 2026
AI
The transaction involves three office leases at 1133 6th Avenue in Manhattan, totaling 11,223 square feet. Among the leases is a new 5,263-square-foot lease with AI software firm Quantexa, while Olympus Theatricals renewed its lease for 3,345 square feet and Global Securitization Services renewed for 2,615 square feet.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 1133 6th Avenue
- Market: Manhattan
- Landlord: Jody Durst - Durst Organization
- Tenants: Quantexa, Olympus Theatricals, Global Securitization Services
- Broker Representatives: Tom Bow, Rocco Romeo & Nora Caliban - The Durst Organization
This leasing deal highlights the strategic growth of Quantexa in the AI sector, while simultaneously showing the commitment of Olympus Theatricals and Global Securitization Services to their locations within the Durst Organization's portfolio. The involvement of Tom Bow, Rocco Romeo, and Nora Caliban as broker representatives further emphasizes the role of The Durst Organization in facilitating these significant office space transactions.
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