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620 6th Avenue

Cole Haan Renews 62,262 Square Foot Office Lease At 620 6th Avenue In Flatiron District
LEASEDOffice

Cole Haan Renews 62,262 Square Foot Office Lease At 620 6th Avenue In Flatiron District

620 6th Avenue

Building Size

62,262 SF

Asset Type

Office

Closing

Oct 9, 2024

AI

The property asset involved in this transaction is an office space located at 620 6th Avenue in Manhattan’s Flatiron District, totaling 62,262 square feet. The transaction pertains to a lease renewal without any mention of transaction amount. The asset is managed by the landlord, RXR.

Summary of transaction details:

Cole Haan has renewed its lease for the entire third floor of the building for an additional 11 years, demonstrating its continued commitment to this location within the market.

Players

Silvio Petriello

CBRE

Broker

13 deals

Broker

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