LH Charney Leases 50,000 SF Office To NYC Alliance At 1441 Broadway For 11 Years
1441 Broadway
$60
$60/SF
Building Size
50,000 SF
Asset Type
Office
Closing
Mar 1, 2026
AI
The property involved in this lease transaction is located at 1441 Broadway in Manhattan. It features an office asset with a total square footage of 50,000. The asking rent for this space is set at $60 per square foot, and the lease term spans 11 years under a modified gross lease agreement.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $60/ft
- Square Footage: 50,000
- Address: 1441 Broadway
- Market: Manhattan
- Landlord: LH Charney
- Tenant: NYC Alliance
- Landlord's Representative: Taylor Bell & Michael Joseph - Colliers
- Tenant's Representatives: Peter Braus, Dennis Someck, Justin Myers & Todd Korren - Lee & Associates
- Lease Term: 11 Years
- Lease Type: Modified Gross Lease
The key individuals in this transaction include Peter Braus, Dennis Someck, Justin Myers, and Todd Korren, representing the tenant NYC Alliance through Lee & Associates. The landlord, LH Charney, is represented by Taylor Bell and Michael Joseph from Colliers. This collaboration between these professionals facilitated the successful lease agreement for the office space.
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
264383.33%
Cash-on-Cash
-75561.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93