Office · New York
The Spiral (66 Hudson Boulevard)
—, New York
Verified
sourcedmodeled1 of 7 sourced
Ownership & debt
Ownership chain & debt stack
Owner of record: Tishman Speyer (developer/sponsor and managing general partner).
3 recorded holders · 2 beneficial owners · chain resolves 2 levels, with each holder's interest percentage and class.
2 debt tranches on file — lender, principal, rate and maturity.
Financials
Financial model
Effective gross income, operating expenses, DSCR, cash-on-cash, mark-to-market and replacement cost — the income side of the underwrite.
Tenants & leasing
Tenant roster & leasing
7 tenants of record, with GLA, floor, lease expiration and base rent — plus occupancy, WALT and the rollover stack.
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.
Provenance footnotes
- Current value: Single source — Tishman Speyer / PR Newswire (corroborated by CoStar, Commercial Observer and Connect CRE) · https://www.prnewswire.com/news-releases/tishman-speyer-completes-2-85-billion-refinancing-of-the-spiral-its-iconic-new-west-side-office-tower-302348004.html · observed 2025
- $/SF: Estimated — no sourced claim on file.
- GLA: Estimated — no sourced claim on file.
- Ownership — Tishman Speyer (developer/sponsor and managing general partner): Single source — therealdeal.com · https://therealdeal.com/new-york/2018/04/30/dutch-pension-fund-invests-in-tishman-speyers-hudson-yards-tower/
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.