435 Seventh Avenue | The Real Deal New York

The Real Deal New York

trd topics
X


NAME


EMAIL


SUGGESTED
UPDATE


[wpgdprc "By using this form you agree with the storage and handling of your data by this website."]

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

435 Seventh Avenue

435 Seventh Avenue
New York, NY 10001
(212) 894-7984
Website
Retail, Residential, Leasing/Rental

This three-story building on the corner of 34th Street and Seventh Avenue is fully leased to Swedish retailer H&M, which operates a 43,000-square-foot store. Market observers in 2010 credited the arrival of H&M, brought in by building owner Vornado Realty Trust, with helping to improve the area. Vornado controls about 9 million square feet in the Penn Plaza area, with buildings such as One Penn Plaza and Two Penn Plaza; its holdings include about 780,000 square feet of retail space, such as the Manhattan Mall. About 600,000 commuters pass through Penn Station daily, in addition to tourists drawn by attractions such as Madison Square Garden.

Germanys Landesbank Baden-Wôrttemberg in 2012 provided $98 million of refinancing on the building, with Vornado retaining net proceeds of about $44 million. The seven-year loan bears interest at LIBOR plus 2.25% (2.46% at December 31, 2012).

-NE

  • Year Built 2002
  • square feet 39,983
  • block and lot 1-00809-0080
  • BIN 1015217

12/27/18
...Isaacs and Company. 7) Tenant: Forever 21 Rent: $4.3 million Address: 435 Seventh Avenue, Penn Plaza Landlord: Vornado Realty Trust Fast-fashion retailer Forever 21 signed a five-year deal to...

09/05/18
...from Penn Station at Vornado Realty Trust’s 435 Seventh Avenue. Forever 21 had occupied 25,000 square feet at JEMB’s Herald Square property, which means that...

08/15/18
...at 609 Fifth Avenue and Forever 21’s lease at 435 Seventh Avenue, debunk the notion that the era of the flagship is over, Soutendijk argued. Those...

...at 609 Fifth Avenue and Forever 21’s lease at 435 Seventh Avenue, debunk the notion that the era of the flagship is over, Soutendijk argued. Those...

05/14/18
...from top left: 660 12th Avenue, 4 Times Square and 435 Seventh Avenue April’s top 10 retail leasing deals more than doubled March’s in terms of...

04/20/18
...435 Seventh Avenue and Steven Roth Forever 21 is relocating its Herald Square-area store to a space nearby...

10/04/17
...on 34th Street at Vornado Realty Trust’s 435 Seventh Avenue. Publicis, meanwhile, consolidated its space at Rudin Management’s 1675 Broadway, where it has 580,000 square...

...on 34th Street at Vornado Realty Trust’s 435 Seventh Avenue. Publicis, meanwhile, consolidated its space at Rudin Management’s 1675 Broadway, where it has 580,000 square...

05/02/17
...percent below market, Roth said. Vornado's basis at 435 Seventh Avenue, where the retailer H&M occupies the entire 43,000 square feet, is also low...

03/15/10
...area is still Macy’s,” one Vornado property, 435 Seventh Avenue on the corner of 34th Street, which currently houses an H&M clothing...

...In May, Computer Caf , an Internet cafeacute; on 435 Seventh Avenue at 15th Street, posted a sign in its window saying it had lost its...