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:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 1441 Broadway
- Market: Manhattan
- Landlord: L.H. Charney Associates
- Tenant: Style Theory
- Landlord's Representative: JP Howard, Michael Joseph, Rick Doolittle & Taylor Bell - Colliers
- Tenant's Representative: David Menaged - Intrepid Real Estate Group
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
New York Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
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