RXR refinances Sixth Avenue tower with $285M loan

DekaBank is the lender

TRD New York /
Jan.January 22, 2018 01:29 PM

1330 Sixth Avenue and Scott Rechler

Another trophy property, another refinancing for RXR Realty. Scott Rechler’s firm just scored a $285 million loan from German lender DekaBank for 1330 Sixth Avenue, according to the Commercial Observer.

The debt includes a new $97 million mortgage consolidated with an existing loan from the New York Community Bank.

In the last year, RXR and its partners have refinanced 5 Times Square, One Worldwide Plaza and 237 Park Avenue.

RXR acquired the 40-story, 534,000-square-foot tower on Sixth Avenue in 2010, paying $400 million to Harry Macklowe. The building is currently home to Silvercrest Asset Management and the furniture retailer Knoll. It was previously the location for RXR’s New York City headquarters until it announced a move to 75 Rockefeller Plaza more than a year ago. Sports media provider FuboTV signed a lease at the building in late 2016.

DekaBank also holds office space at the building. [CO] — Will Parker

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