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1540 Broadway

Pandora Jewelry Signs Long-Term Lease For 55,872 Square Feet At 1540 Broadway In Manhattan
LEASEDRetail

Pandora Jewelry Signs Long-Term Lease For 55,872 Square Feet At 1540 Broadway In Manhattan

1540 Broadway

Building Size

55,872 SF

Asset Type

Retail

Closing

Mar 3, 2026

AI

The property asset involved in this transaction is located at 1540 Broadway in Manhattan. This retail space spans a total of 55,872 square feet, with Pandora Jewelry occupying a significant portion of it. The lease agreement consolidates Pandora Jewelry's presence by extending its existing 27,936-square-foot space on the 34th floor, resulting in a total footprint of 55,872 square feet at this address.

Summary of transaction details:

The key individuals involved in this transaction include Eric Gural and Brian Steinwurtzel, who represent the landlord's interests through GFP Real Estate, alongside BDT & MSD Partners. Berta de Pablos-Barbier represents Pandora Jewelry as the tenant. The broker facilitating this lease is Daniel Posy from JLL.

Players

Daniel Posy

JLL

Broker

4 deals

Broker
Brian Steinwurtzel

Brian Steinwurtzel

GFP Real Estate

Landlord

$1.1B

vol

18 deals

Landlord
BDT & MSD Partners
BDT & MSD PartnersLandlord
Pandora
PandoraTenant

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