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1411 Broadway is a premier Class A office tower in the heart of Times Square, representing a significant hub for the fashion, technology, and media industries in New York City. This 35-story building, also known as the Stoller Building, offers over 600,000 square feet of prime commercial space. Its strategic location provides unparalleled access to public transportation and the vibrant energy of Midtown Manhattan, making it a top choice for businesses seeking a prestigious address. This guide provides an objective overview of the building's key features, market position, and considerations for potential tenants.
The address at 1411 Broadway places it at the epicenter of Manhattan's commercial and cultural activity. The building is situated in the Garment District, a historically significant area that continues to be a global center for fashion. The location offers a Walk Score of 100, meaning daily errands do not require a car. Tenants benefit from immediate proximity to major subway lines, including the N, Q, R, W, 1, 2, 3, and 7 trains at Times Square-42nd Street. This connectivity is a critical factor for employee commuting and client visits. Furthermore, being in Times Square provides immense brand visibility and easy access to a wide range of amenities, from hotels to restaurants.
As a Class A office building, 1411 Broadway meets the highest standards for construction, amenities, and location. Key features include modernized lobbies, high-speed elevators, and efficient floor plates. The building typically offers flexible layouts suitable for various business sizes. Many spaces feature column-free interiors, allowing for maximum design flexibility. Building amenities often include 24/7 security, on-site management, and modern HVAC systems. While specific amenities can vary, the defining characteristic of a Class A property like this is its ability to command competitive rental rates due to its superior quality and desirability.
| Feature | Specification |
|---|---|
| Address | 1411 Broadway, New York, NY 10018 |
| Stories | 35 |
| Approx. Square Footage | 600,000+ |
| Submarket | Times Square / Garment District |
| Property Type | Class A Office Tower |
The asking rent for office space at 1411 Broadway is subject to market conditions but is typically competitive with other Class A buildings in the Plaza District. Commercial leases in New York City are often triple-net (NNN), where the tenant is responsible for a share of the building's property taxes, insurance, and maintenance costs, in addition to the base rent. It is crucial for tenants to understand all lease escalation clauses, which outline how rents may increase over the term. Based on our experience assessment, negotiating favorable terms requires a clear understanding of total occupancy costs, not just the base rent per square foot.
Beyond the base rent, tenants must evaluate the total cost of occupancy. This includes estimated operating expense pass-throughs and potential charges for utilities. The building's efficiency ratio—the ratio of usable space to rentable space—will impact the actual cost. The layout and existing infrastructure should align with the company's operational needs. Furthermore, the building's tenant roster can be a consideration; being adjacent to leading brands in fashion and tech can be beneficial for networking and business development. A thorough review of the lease agreement with a qualified professional is essential.
Prospective tenants of 1411 Broadway should prioritize a detailed financial analysis, carefully review all lease terms, and assess how the location aligns with their business objectives. The building's prestige and connectivity offer significant advantages, but a successful tenancy depends on a clear understanding of the full financial and operational commitment.
