Ralph Lauren Signs 13-Year Lease Expansion At RXR's Starrett-Lehigh Building In Chelsea For 280,000 SF
601 West 26th Street
Building Size
280,000 SF
Asset Type
Office
Closing
Jul 8, 2026
AI
The asset involved in this transaction is an office space located at 601 West 26th Street in Chelsea, Manhattan. The property features a total square footage of 280,000, which includes the second-floor mezzanine and offices on floors five through seven.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Landlord: Scott Rechler - RXR Realty
- Tenant: Ralph Lauren
- Landlord's Representative: Daniel Birney - RXR Realty
- Tenant's Representative: Eric Deutsch - CBRE
- Lease Terms: 13-year lease expansion
This transaction features a lease expansion signed by Ralph Lauren, adding an additional 22,000 square feet to their existing footprint. The lease agreement further positions the tenant in a prominent location within RXR’s Starrett-Lehigh Building, significantly enhancing their operational space.
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