Kushner Companies’ signature property at 666 Fifth Avenue had a no good, very bad year. The office tower, which is co-owned by Vornado Realty Trust, lost $25 million in 2017 after accounting for debt payments, Bloomberg reported, citing financial documents shared with investors Tuesday. That loss — the largest since 2011 — is largely due to the fact that the debt service on tower continues to outweigh the building’s net operating income. The interest rate […]
source https://therealdeal.com/2018/04/17/kushners-666-fifth-posts-worst-year-since-2011/
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