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
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