{"id":308266,"date":"2026-07-29T01:50:24","date_gmt":"2026-07-29T01:50:24","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/308266\/"},"modified":"2026-07-29T01:50:24","modified_gmt":"2026-07-29T01:50:24","slug":"60-guilders-sentry-realty-snap-up-1441-broadway-for-240m-commercial-observer","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/308266\/","title":{"rendered":"60 Guilders, Sentry Realty Snap Up 1441 Broadway for $240M \u2013 Commercial Observer"},"content":{"rendered":"

The neon lights continue to shine bright on Broadway for 60 Guilders<\/a> and Sentry Realty<\/a>.\u00a0<\/p>\n

The partnership just snapped up 1441 Broadway, a 550,000-square-foot office tower in Midtown Manhattan, for approximately $240 million, Commercial Observer has learned. The estate of LH Charney was the seller.<\/p>\n

SEE ALSO: Northwest Bank Lends $28M on East Hartford Industrial Buy<\/a><\/p>\n

Newmark\u2019s Adam Spies and Adam Doneger arranged the sale. 60 Guilders CEO Kevin Chisholm led the deal in-house along with Jordana Rosenzweig, vice president of acquisitions at the firm. Sentry Realty\u2019s Alen Mamrout and Joe Mamrout led the deal along with Yossi Althkefati.\u00a0<\/p>\n

The deal marks the third purchase in the vicinity for the buyer group, which bought 1375 Broadway in December 2024 from Savanna \u2014 refinancing it with a $213 million loan<\/a> earlier this year \u2014 and bought the 250,000-square-foot building at 1370 Broadway in January 2025 for $76 million.\u00a0<\/p>\n

Newmark\u2019s Jordan Roeschlaub, Nick Scribani and Ricky Braha arranged a roughly 70 percent loan-to-cost floating-rate acquisition loan from Fortress for the 1441 Broadway purchase, sources said.\u00a0<\/p>\n

Situated between West 40th and West 41st streets, close to both Bryant Park and Times Square, the 33-story Art Deco building \u2014 also known as 10 Times Square \u2014 was erected in 1930. The building\u2019s occupancy sits around 90 percent today with below-market leases, and the buyer group plans to improve the building, its tenancy and its cash flow over time, sources said.\u00a0<\/p>\n

Still, 1441 Broadway has had plenty of leasing momentum of late. In March, Juicy Couture<\/a>\u2019s distribution company NYC Alliance<\/a> signed an 11-year, 50,000-square-foot lease<\/a> at the property, moving its headquarters from 1411 Broadway. Last April, four tenants took space at the building, including clothing rental service Style Theory, which signed a 14,634-square-foot lease; the Pekoe Group, which took the entire 25th floor encompassing 12,982 square feet; Mint Medical<\/a>, which leased 3,736 square feet on the 24th floor; and factory services firm KDI, which signed a deal for 2,752 square feet on the 23rd floor.\u00a0<\/p>\n

LH Charney was also advised by Arcturus Group\u2018s Jonathan Mayblum and Fried Frank\u2018s Jonathan Mechanic.<\/p>\n

60 Guilders and Sentry Realty didn\u2019t immediately return requests for comment. Newmark declined to comment.\u00a0<\/p>\n

Cathy Cunningham can be reached at ccunningham@commercialobserver.com.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"The neon lights continue to shine bright on Broadway for 60 Guilders and Sentry Realty.\u00a0 The partnership just…\n","protected":false},"author":2,"featured_media":308267,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[116676,72587,10909,10910,116677,116678,116679,75,84,83,9,24,63,116680],"class_list":["post-308266","post","type-post","status-publish","format-standard","has-post-thumbnail","category-manhattan","tag-10-times-square","tag-1441-broadway","tag-adam-doneger","tag-adam-spies","tag-alen-mamrout","tag-jordana-rosenzweig","tag-kevin-chisholm","tag-manhattan","tag-manhattan-headlines","tag-manhattan-news","tag-new-york","tag-new-york-city","tag-nyc","tag-yossi-althkefati"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/308266","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=308266"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/308266\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/308267"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=308266"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=308266"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=308266"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}