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1211 6th Avenue

Updated Oct 8, 2025

RXR Realty's Scott Rechler Secures $1.45 Billion Loan From Apollo Global Management For 1211 6th Avenue
FINANCEDOffice

RXR Realty's Scott Rechler Secures $1.45 Billion Loan From Apollo Global Management For 1211 6th Avenue

1211 6th Avenue

$1,450,000,000

$725/SF

Building Size

2,000,000 SF

Asset Type

Office

Closing

Oct 7, 2025

About this deal

AI

The property involved in the transaction is located at 1211 6th Avenue in Midtown Manhattan, comprising a 45-story office building with a total square footage of 2,000,000. The transaction centers around a recapitalization totaling $1,450,000,000, with Apollo Global Management providing debt of $1,035,000,000, which extends to June 2028.

Summary of transaction details:

This deal highlights the collaboration of key players in the transaction, including Scott Rechler representing RXR Realty as the landlord. The brokers, Adam Spies, Douglas Harmon, Marcella Fasulo, and Adam Doneger from Newmark, facilitated this significant recapitalization effort.

On the Map

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$1,450,000,000

$725/SF

Office

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Players

Adam Doneger

Newmark

Broker

$52.3B

vol

197 deals

Broker
Adam Spies
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Adam Spies

Newmark

Broker

$74.2B

vol

273 deals

Broker
Apollo Global Management
Apollo Global ManagementLender
Scott Rechler

Scott Rechler

RXR Realty

Landlord

$9.5B

vol

29 deals

Landlord
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New York Office Market Snapshot

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Deal FAQ

About $725 per square foot on a published $1.5B for 2,000,000 square feet (2025).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.01%

Cash-on-Cash

-0.00%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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