David Yurman Signs Lease For 23,000 Square Foot Retail Space At 685 Fifth Avenue
685 5th Avenue
Building Size
23,000 SF
Asset Type
Retail
Closing
Jun 24, 2026
About this deal
AI
The transaction involves a 23,000-square-foot retail condominium located at 685 5th Avenue in Midtown Manhattan. The asset is situated in a prominent market known for its commercial significance and high foot traffic. The property is owned by Brookfield’s retail unit GGP.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not Disclosed
- Address: 685 5th Avenue
- Market: Midtown Manhattan
- Landlord: Kevin McCrain - GGP (General Growth Properties)
- Tenant: David Yurman
- Landlord's Representative: Kirsten Lee - GGP (General Growth Properties)
- Tenant's Representative: Matthew Siegel - Lantern Real Estate
David Yurman has signed a lease for the entire retail space, replacing the previous tenant, Coach, and establishing a new flagship store within the building, indicating a significant brand presence in the area.
On the Map
Retail
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Rochester Retail Market Snapshot
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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