Current Expands Footprint With Direct Lease In Flatiron District Office Building
620 6th Avenue
$100
$100/SF
Building Size
71,692 SF
Asset Type
Office
Closing
Nov 30, 2023
About this deal
AI
Current is expanding its footprint in New York City's 620 Avenue of the Americas building, signing a direct lease with landlord RXR Realty for 71,692 square feet on the entire seventh floor. The property is located at 620 6th Avenue in the Flatiron District. The asking rent for the lease was $100 per square foot.
Summary of transaction details
- Property Type: Office
- Transaction Amount: N/A
- Address: 620 6th Avenue
- Market: Flatiron District
- Landlord: Daniel Birney & Alexandra Budd - RXR Realty
- Tenant: Current
- Brokers: Adam Henick & Robert Kluge - Current Real Estate Advisors
The lease agreement was facilitated by Adam Henick and Robert Kluge from Current Real Estate Advisors, who represented the tenant in the deal.
On the Map
$100
$100/SF
Office
View full map
Players
New York Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
Deal FAQ
Visit Adam Henick to view all their deals.
Browse New York office leases on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
158630.00%
Cash-on-Cash
-45336.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93