Nordstrom Rack Leases 46500 Square Feet At 855 6th Ave, New York From Durst Organization
855 6th Ave, New York, NY, 10001
Building Size
46,500 SF
Asset Type
—
Closing
Nov 19, 2023
About this deal
AI
The property involved in this lease transaction is located at 855 6th Ave, New York, NY, 10001, and encompasses a total area of 46,500 square feet. The market for this property is New York.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 855 6th Ave, New York, NY, 10001
- Market: New York
- Square Feet: 46500
- Tenant: Nordstrom Rack
- Landlord: Durst Organization
- Broker: Eric Engelhardt - Durst Organization
This lease transaction features Nordstrom Rack as the tenant and Durst Organization as the landlord. The representation for this deal was provided by Eric Engelhardt from Durst Organization, highlighting the involvement of experienced brokers in the transaction.
On the Map
Players
New York CRE Market Snapshot
Boundary boundary · CRE · Lease transactions
Loading comparables…
Deal FAQ
Browse New York leases on Traded.
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