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1440 Broadway

Amazon Expands Lease By 259,000 Square Feet At 1440 Broadway Times Square Building
LEASEDOffice

Amazon Expands Lease By 259,000 Square Feet At 1440 Broadway Times Square Building

1440 Broadway

Building Size

259,000 SF

Asset Type

Office

Closing

Aug 20, 2025

AI

The lease involved an office asset located at 1440 Broadway in the Times Square market. Amazon has expanded its lease by 259,000 square feet, bringing its total occupied space in the building to 560,000 square feet.

Summary of transaction details:

This transaction involved key figures such as Richard Ressler representing CIM Group as the landlord and Andy Jassy representing Amazon as the tenant. The brokerage team includes Theodora Livadiotis, Anthony LoPresti, Ethan Silverstein, David Mosler, and Bruce Mosler from Cushman & Wakefield.

Players

Theodora Livadiotis

Cushman & Wakefield

Broker

6 deals

Broker
Cushman & Wakefield
Cushman & WakefieldBrokerage
Richard Ressler

Richard Ressler

CIM Group

Landlord

$1.3B

vol

18 deals

Landlord
CIM Group
CIM GroupLandlord

Andy Jassy

Amazon

Tenant

$926.2M

vol

18 deals

Tenant
Amazon
AmazonTenant

Brooklyn Office Market Snapshot

Boundary boundary · Office · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93