THE Macklowes aren't the only real estate barons in a tight spot. The
Kushner Companies, also family owned, plunged into the Manhattan real
estate market in 2006, paying $1.8 billion for 666 Fifth Avenue, at
53rd Street. The cash flow from 666 Fifth represents only about
two-thirds of the amount needed to service the debt on the building
a shortfall of about $5 million a month according to Real Capital
Analytics, a research company in New York.
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