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1441 Broadway

Colliers International Brokers Represent Kellwood Company In 10-Year Office Lease At 1441 Broadway, Midtown Manhattan
LEASEDOffice

Colliers International Brokers Represent Kellwood Company In 10-Year Office Lease At 1441 Broadway, Midtown Manhattan

1441 Broadway

$65

$65/SF

Building Size

19,000 SF

Asset Type

Office

Closing

Aug 15, 2023

AI

The office space located at 1441 Broadway in Midtown Manhattan has been leased. The property, owned by L.H Charney, will now be occupied by Kellwood Company. The lease was facilitated by Colliers International brokers Michael Joseph, Taylor Bell, Rick Doolittle, and JP Howard.

Summary of Transaction Details:

  • Property Type: Office
  • Transaction Amount: N/A
  • Address: 1441 Broadway, Midtown Manhattan
  • Market: Midtown Manhattan
  • Landlord: L.H Charney
  • Tenant: Kellwood Company
  • Brokers: Michael Joseph, Taylor Bell, Rick Doolittle, and JP Howard - Colliers International
  • Asking Rent: $65/ft
  • Square Footage: 19,000
  • Lease Type: Full-Service Gross
  • Lease Term: 10 years

The deal represents a successful transaction in the real estate market, with Kellwood Company securing a long-term lease for the office space. The involvement of experienced brokers from Colliers International, including Michael Joseph, Taylor Bell, Rick Doolittle, and JP Howard, highlights their expertise in facilitating such deals. The lease agreement, with an asking rent of $65 per square foot and a term of 10 years, benefits both the landlord, L.H Charney, and the tenant, Kellwood Company.

Players

Rick Doolittle

Colliers

Broker

5 deals

Broker

L.H. Charney

Charney Associates

Landlord

$352.1M

vol

8 deals

Landlord

New York 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

244046.15%

Cash-on-Cash

-69749.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93