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1441 Broadway

Style Theory Leases 14,634 Square Feet Office Space At 1441 Broadway In Manhattan
LEASEDOffice

Style Theory Leases 14,634 Square Feet Office Space At 1441 Broadway In Manhattan

1441 Broadway

Building Size

14,634 SF

Asset Type

Office

Closing

Apr 8, 2025

AI

The property involved in this transaction is a 14,634-square-foot office space located at 1441 Broadway in Manhattan. This asset spans the entire 21st floor, accommodating the needs of its new tenant. The landlord for this lease is L.H. Charney Associates.

Summary of transaction details:

Style Theory has signed a lease for the entire 21st floor at the specified address, marking a relocation from their former premises at 525 Seventh Avenue. This deal involves notable representatives from both parties, ensuring a smooth transaction process.

Players

Rick Doolittle

Colliers

Broker

5 deals

Broker

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93