L.H. Charney & Associates Leases 10000 Square Feet At 1410 Broadway In New York
1410 Broadway, New York, NY, 10018
Building Size
10,000 SF
Asset Type
Retail
Closing
Mar 4, 2022
AI
The property at 1410 Broadway, located in New York, NY 10018, offers a total of 10,000 square feet of office space on the 7th floor. This asset is positioned at the intersection of Times Square and the Garment District, making it strategically valuable in the New York market.
Summary of transaction details:
- Property Type: LEASE
- Transaction Amount: Not specified
- Address: 1410 Broadway, New York, NY, 10018
- Market: New York
- Landlord: L.H. Charney & Associates
- Landlord's Representative: JP Howard (Colliers International)
- Tenant: Northwell Health Inc.
- Retail Tenants: Ten Thousand Specialty Coffee and Barney Brown
- Retail Spaces: 1,400 square feet each
- Total Lease Transactions in Q4 2021: Over 50,000 square feet
Caleb Petersen from Newmark represented Ten Thousand Coffee, while Bob Gibson and Davie Berke of JLL represented ownership on the retail leases for Ten Thousand and Barney Brown. Rick Doolittle and JP Howard of Colliers represented the ownership in the lease with Northwell Health. The leasing team expanded to include Michael Joseph and G. Taylor Bell to support the ongoing repositioning efforts at both 1410 and 1441 Broadway.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · 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