Assets
Office · Chelsea / Meatpacking / Hudson Sq.

Starrett-Lehigh Building

601 West 26th Street, Chelsea / Meatpacking / Hudson Sq. · Built 1994 · 19 floors
Partial
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Current value
$900.0M
▼ 5.3% 1-yr (modeled)
Cap rate
Free account
Value $/SF
$391
$723.6M$772.4M$821.3M$870.1M$918.9M201920202021202220232024Modeled trajectory — no observed history
sourcedmodeled0 of 6 sourced

Ownership & debt

Ownership chain & debt stack
Owner of record: RXR Realty.
3 recorded holders · 2 beneficial owners · chain resolves 2 levels, with each holder's interest percentage and class.
1 debt tranche on file — lender, principal, rate and maturity.
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Financials

Financial model
Effective gross income, operating expenses, DSCR, cash-on-cash, mark-to-market and replacement cost — the income side of the underwrite.
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Underwriting

Underwriting
Unlevered and levered IRR, equity multiple, exit math and a live sensitivity grid — built on the NOI, the debt stack and the rent roll above.
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Provenance footnotes

  1. Current value: Estimated — no sourced claim on file.
  2. $/SF: Estimated — no sourced claim on file.
  3. GLA: Estimated — no sourced claim on file.
  4. Ownership — RXR Realty: Single source — therealdeal.com · https://therealdeal.com/new-york/2011/08/01/rxr-realty-closes-on-920m-buy-of-starrett-lehigh/

Modeled figures — LTV, debt yield, DSCR, cash-on-cash, occupancy, WALT, tenant concentration are derived arithmetic, not sourced claims. Not investment advice.

Anchoring begins when the asset enters the live ledger.