Republic Clothing Signs 15-Year Lease For 81,000 Square Feet At 1411 Broadway In Manhattan
1411 Broadway
Building Size
81,000 SF
Asset Type
Office
Closing
Aug 31, 2026
About this deal
AI
The office asset located at 1411 Broadway in Manhattan encompasses 81,000 square feet and is situated in a prominent market area. The landlord of this property is a partnership between La Caisse and The Swig Company.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 1411 Broadway
- Market: Manhattan
- Asset Size: 81,000 square feet
- Landlord: La Caisse & The Swig Company
- Tenant: Republic Clothing
- Landlord's Representative: Paul Amrich, Neil King, Emily Jones Chabrier & Kelly Tipton - CBRE
- Tenant's Representative: Scott Weiss - Savills
- Lease Terms: 15-year direct lease
Republic Clothing has converted its sublease at the property into a direct lease for a duration of 15 years, reflecting a trend of tenant expansions at the Midtown office tower. The deal involved multiple representatives from CBRE and Savills, highlighting the collaboration and engagement of various parties in this transaction.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93