Maison Estelle Leases 30,000 Square Feet In Flatiron District At 656 6th Avenue
656 6th Avenue
Building Size
30,000 SF
Asset Type
Retail
Closing
Sep 30, 2026
About this deal
AI
A retail asset located at 656 6th Avenue, in Manhattan’s Flatiron District, has been leased to Maison Estelle. The property encompasses a total area of 30,000 square feet and is situated within the former Church of the Holy Communion, which previously housed the Limelight nightclub.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 656 6th Avenue
- Market: Flatiron District
- Landlord: Ben Ashkenazy - Ashkenazy Acquisition Corporation
- Tenant: Maison Estelle
- Landlord's Representative: Daniel Iwanicki
- Tenant's Representatives: Michael Bertini, Geoffrey Newman & Jordan Weiss - Savills
The lease marks Maison Estelle's entrance into the United States market, with key individuals involved in this transaction being Ben Ashkenazy representing the landlord and multiple representatives from Savills for the tenant. Daniel Iwanicki acted on behalf of the landlord in this deal.
On the Map
Retail
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Players
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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