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855 6th Ave, New York, NY, ...

Nordstrom Rack Leases 46500 Square Feet At 855 6th Ave, New York From Durst Organization
LEASED

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

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.

Players

Eric Engelhardt

Durst Organization

Broker

9 deals

Broker
Newmark
NewmarkBrokerage
Durst Organization
Durst OrganizationLandlord

New York CRE Market Snapshot

Boundary boundary · CRE · 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