Daily limit: 0/10
LaRue Allen Of Martha Graham Dance Co Signs 32-Year Lease With William Farber At 1501 Broadway
LEASED
New York
See Similar DealsOther30,757 SF
Leased 06/02/2025
LEASED
LaRue Allen Of Martha Graham Dance Co Signs 32-Year Lease With William Farber At 1501 Broadway
1501 Broadway
See Similar DealsOther30,757 SF
Leased 06/02/2025
Summary
NEW YORK
Asset Type:Other
Price Per Square Foot:$0
Total Square Footage:30,757 SF
Transaction Type:Lease
The property involved in the transaction is an office asset located at 1501 Broadway in the West Village market. This property encompasses 30,757 square feet and is part of the landmarked Paramount Building, which is owned by Levin Management.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 1501 Broadway
- Market: West Village
- Landlord: William Farber - Paramount Leasehold LP
- Tenant: LaRue Allen - Martha Graham Dance Co
- Lease Term: 32 years
The key individuals in this transaction include William Farber, representing the landlord, and LaRue Allen, representing the tenant, Martha Graham Dance Co. The company will be relocating from Westbeth Home of the Arts to the new space in 2026, with plans for approximately $8 million in studio build-out costs.
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$1,762,972.68
Total Lease Value
$17,629,726.80
Net Landlord Cash Flow$1,762,972.68
Is there something missing? Send suggestions