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:
- Property Type: Office
- Transaction Amount: Not specified
- Square Footage: 259,000
- Address: 1440 Broadway
- Market: Times Square
- Landlord: Richard Ressler - CIM Group
- Tenant: Andy Jassy - Amazon
- Brokers: Theodora Livadiotis, Anthony LoPresti, Ethan Silverstein, David Mosler & Bruce Mosler - Cushman & Wakefield
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
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