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620 Avenue of the Americas

620 Sixth Avenue
New York, NY 10011
Office, Leasing/Rental

The 760,000-square-foot Beaux Arts building at 620 Sixth Avenue did not seem like all that sure a thing when RXR Realty, a privately held real estate investment firm, bought control of it for more than $500 million in late 2011. The buildings Chelsea location all but insured lower rents than, say, Midtown, especially of its office space. Plus, more than a quarter of its office space was empty.

RXR, however, through marketing moxie and continued capital improvements, has driven some of the asking rents into the $70s a square foot. The building, meanwhile, claims a variety of technology and creative firms as office tenants as well as retailers such as T.J. Maxx, Marshalls and Bed Bath & Beyond.

RXRs single biggest get for the building, also known as 620 Sixth Avenue, was the music-sharing service Spotify, which has expanded since 2012 into 123,000 square feet there, paying in the $70s a square foot.

The building was developed in the mid-1890s, and made much use of the baroque cast-iron style of the time. Inside, some of its ceilings reach 17 feet and individual floor plates can run to 100,000 square feet. ¾-TA

  • Address 620 Sixth Avenue
  • neighborhood Flatiron
  • borough Manhattan
  • owner RXR Realty
  • owner entity RXR 620 OWNER II LLC
  • floors 7
  • square feet 760,000
  • block and lot 1-00820-0001
  • BIN 1080644
  • Event Sales
  • Address 620 Sixth Avenue
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 243,000
  • Price $ 144,000,000
  • Price per foot $ 592.00
  • Publication Date 08/01/2016
  • Event Date 06/17/2016
  • Party 1 RXR Realty
  • Party 2 32BJ SEIU
notes
The commercial condos sold for $144 million.
  • Event Office Leasing
  • Address 620 Sixth Avenue
  • Neighborhood Flatiron
  • Borough Manhattan
  • Square feet 88,387
notes
The Internet advertising technology company signed a lease on the sixth floor. The tenant is relocating from 115 West 18th Street.
  • Event Sales
  • Address 620 Sixth Avenue
  • Neighborhood Flatiron
  • Borough Manhattan
  • Square feet 700,000
  • Price $ 500,000,000
  • Price per foot $ 714.29
notes
The sale of the office and retail building closed for $500 million.
  • Event Office Leasing
  • Address 620 Sixth Avenue
  • Neighborhood Flatiron
  • Borough Manhattan
  • Square feet 245,000
notes
The property services union signed a new, long-term lease for its new offices. The tenant is relocating from 101 Sixth Avenue.
  • Event Retail Leasing
  • Address 620 Sixth Avenue
  • Neighborhood Flatiron
  • Borough Manhattan
  • Square feet 64,136
notes
The discount retailer of apparel and home fashions inked a 15-year lease renewal.
  • Event Office Leasing
  • Address 620 Sixth Avenue
  • Neighborhood Flatiron
  • Borough Manhattan
  • Square feet 28,000
  • Price per foot $ 70.00
notes
The shoe, handbags and accessories company signed a seven-year expansion lease for third-floor space, bringing its total occupancy to about 63,000 square feet. The company plans to move staff over from 680 Fifth Avenue after its lease expires early next year.
  • Event Office Leasing
  • Address 620 Sixth Avenue
  • Neighborhood Flatiron
  • Borough Manhattan
  • Square feet 30,000
  • Publication Date 01/01/2006
  • Event Date 11/22/2005
  • Party 1 Jamestown
  • Party 1 Brokerage Newmark Grubb Knight Frank
  • Party 1 Broker Stephen Schofel
  • Party 2 HOK
  • Party 2 Brokerage CBRE
  • Party 2 Broker Tim Dempsey
notes
Global design firm renews and expands, signs 10-year lease.
  • Event Sales
  • Address 620 Sixth Avenue
  • Neighborhood Flatiron
  • Borough Manhattan
  • Square feet 670,000
  • Price $ 280,000,000
  • Price per foot $ 417.91
notes
Sold for $280 million. The new owners will have the opportunity to build about 200,000 square feet of residential condos on top of the building.
  • Event Office Leasing
  • Address 39 West 18th Street
  • Neighborhood Flatiron
  • Borough Manhattan
  • Square feet 10,000
  • Publication Date 05/01/2005
  • Event Date 03/22/2005
  • Party 1 Abner Properties
  • Party 2 Top Notch Color Services
  • Party 2 Brokerage GVA Williams Real Estate
  • Party 2 Broker Perry Mesmer, Mike Joseph
notes
Company signs 10-year lease renewal
  • Event Office Leasing
  • Address 39 West 18th Street
  • Neighborhood Flatiron
  • Borough Manhattan
  • Square feet 10,000
  • Publication Date 05/01/2005
  • Event Date 03/22/2005
  • Party 1 Abner Properties
  • Party 2 Top Notch Color Services
  • Party 2 Brokerage GVA Williams Real Estate
  • Party 2 Broker Perry Mesmer, Mike Joseph
notes
Company signs 10-year lease renewal

02/01/2014
Other notable deals in Midtown South included Spotify, which signed a 52,000-square-foot expansion at RXR Realty’s 620 Avenue of the Americas, and will reportedly pay rents in the low-$60s per square foot; Mashable, which took 38,580 square feet at L&L’s 114 Fifth Avenue for rents in the mid-$70s per square foot, and Google, which added 17,658 square feet to its space at Jamestown Properties’ Chelsea Market for rents in the mid-$60s per square foot...