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601 West 26th Street

Ralph Lauren Signs 13-Year Lease Expansion At RXR's Starrett-Lehigh Building In Chelsea For 280,000 SF
LEASEDOffice

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:

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

Eric Deutsch

CBRE

Broker

7 deals

Broker
Scott Rechler

Scott Rechler

RXR Realty

Landlord

$9.1B

vol

24 deals

Landlord
RC
Ralph Lauren CorporationTenant

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