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:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 620 6th Avenue
- Market: Flatiron District
- Square Footage: 62,262
- Landlord: RXR
- Tenant: Cole Haan
- Landlord's Representative: Daniel Birney - RXR Realty
- Tenant's Representatives: Adele Huang, Gary Davies, Lauren Crowley Corrinet & Silvio Petriello - CBRE
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
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