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1441 Broadway

LH Charney Leases 50,000 SF Office To NYC Alliance At 1441 Broadway For 11 Years
LEASEDOffice

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:

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

Dennis Someck

Lee & Associates

Broker

26 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

264383.33%

Cash-on-Cash

-75561.57%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93