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    592 Seventh Avenue

    592 Seventh Avenue
    New York, NY 10036
    Office, Leasing/Rental
    • Address 592 Seventh Avenue
    • neighborhood Times Square
    • borough Manhattan
    • owner RXR Realty
    • owner entity RXR 5TS JUNIOR MEZZ III LLC
    • floors 38
    • Year Built 2000
    • commercial units 3
    • total units 3
    • square feet 1,100,000
    • block and lot 1-01013-0029
    • BIN 1024656
    • Event Financing
    • Address 5 Times Square
    • Neighborhood Times Square
    • Borough Manhattan
    • Square feet 1,000,000
    • Price $ 782,000,000
    notes
    The landlord struck a deal to refinance $1.4 billion in debt, including $782 million in a secured loan and was expecting an additional $618 million in mezzanine debt.
    • Event Office Leasing
    • Address 5 Times Square
    • Neighborhood Times Square
    • Borough Manhattan
    • Square feet 95,441
    • Price per foot $ 75.00
    • Publication Date 01/01/2009
    • Event Date 11/22/2008
    • Party 1 AVR Realty
    • Party 1 Brokerage In-house
    • Party 2 Comcast
    • Party 2 Brokerage CBRE
    • Party 2 Broker Stephen Siegel, Robert Stillman
    notes
    The cable television company signed a 14-year lease for the ninth, 10th and 11th floors. Ernst & Young previously occupied the space. The tenant is relocating from 1114 Sixth Avenue.
    • Event Retail Leasing
    • Address 5 Times Square
    • Neighborhood Times Square
    • Borough Manhattan
    • Square feet 13,000
    • Publication Date 01/01/2009
    • Event Date 11/22/2008
    • Party 1 AVR Realty
    • Party 1 Brokerage Zelnik & Company
    • Party 1 Broker Cory Zelnik
    • Party 2 Sephora
    • Party 2 Brokerage Madison HGCD
    • Party 2 Broker Virginia Pittarelli
    notes
    The cosmetics retailer signed a lease for a triplex flagship. The reported asking rent was around $346 per square foot. The makeup chain already has a 3,000-square-foot shop nearby at 1500 Broadway.
    • Event Sales
    • Address 5 Times Square
    • Neighborhood Times Square
    • Borough Manhattan
    • Square feet 1,100,000
    • Price $ 1,280,000,000
    • Price per foot $ 1,163.64
    • Publication Date 01/01/2007
    • Event Date 11/22/2006
    • Party 1 Boston Properties
    • Party 2 AVR Realty Co.
    notes
    The REIT sold the property for $1.28 billion, or approximately $1,164 per square foot.
    • Event Sales
    • Address 210 West 42nd Street
    • Neighborhood Times Square
    • Borough Manhattan
    • Square feet 12,000
    • Publication Date 03/01/2006
    • Event Date 01/20/2006
    • Party 2 The Children's Place
    notes
    Holder of the Disney Stores franchise bought the lease to the former Times Square Brewery restaurant during a bankruptcy court auction. The space is at the bottom of 5 Times Square, which is owned by Boston Properties.
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