620 Avenue of the Americas | The Real Deal New York

The Real Deal New York

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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

07/08/16
...C., picked up the units at RXR’s 620 Avenue of the Americas in Chelsea for $143.9 million, property records filed with the city Friday show. The union...

...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...

...subordinated mezzanine debt to begin foreclosure proceedings on 620 Avenue of the Americas, a 700,000-square-foot building owned by Yair Levy, Meyer Chetrit and Charles Dayan. Eventually, SL...

07/15/09
...T.J. Maxx currently has a location at 620 Avenue of the Americas and is reportedly interested in 250 West 57th Street for its new space. The building...

...a 74,425 square foot deal signed by HotJobs at 620 Avenue of the Americas in the Chelsea submarket. Class A average asking rents ticked up slightly to $28.38 per...
  • 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

...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...