L.H. Charney Associates

What L.H. Charney Associates does

L.H. Charney Associates is a privately held real estate development and ownership company founded by the late Leon Charney in 1981 and headquartered in New York City. The company owns and operates a concentrated two-asset Manhattan portfolio: 10 Times Square (aka 1441 Broadway), a 34-story, 575,000-square-foot commercial office building on the southwest corner of Broadway and West 41st Street, and 1410 Broadway, a 34-story, 385,000-square-foot commercial office building on the southeast corner of Broadway and West 39th Street. Combined, the portfolio represents approximately 960,000 square feet of office and retail space in the Times Square / Garment District submarket, with both properties historically tied to the fashion/apparel industry and more recently repositioned to include coworking, technology, and hospitality tenants.

The company's business model is classic institutional-style commercial real estate ownership: it generates revenue from base rent, escalations, and retail lease income across its two buildings, and self-manages the portfolio through its wholly owned subsidiary, L.H. Management Company, eliminating third-party management fees and enabling direct tenant engagement. Distribution is via direct leasing of office and retail space, with flexible floor plates (5,500–22,000 sq ft at 10 Times Square; 4,300–15,000 sq ft at 1410 Broadway) offered to a mix of enterprise tenants. Recent capital investment has focused on building modernization — most notably a 2018 lobby renovation at 10 Times Square with state-of-the-art video and sound elements, a new 46,000 sq ft 'glass box' retail offering, and elevator modernization with lobby boost technology at 1410 Broadway — alongside the ZAZ10TS cultural gallery program that integrates rotating art exhibitions and permanent installations into both lobbies.

The company is led by CEO Steve Anderson and COO Joseph Giannola, operates with 11–50 employees, and is not backed by institutional capital or publicly traded. All evidence indicates a closely held, family-controlled owner/operator with no disclosed funding activity, no M&A history, and no disclosed financial metrics. The strategy appears to be value-add repositioning of legacy 1930s Art Deco assets into differentiated, experience-led commercial space rather than expansion of the asset base.

Name

L.H. Charney Associates

Legal name

L.H. Charney Associates

Website

https://lhcharney.com

Company type

Private

Founded year

1981

Operating status

Operating

Headcount range

11–50 employees

Short description

L.H. Charney Associates is a privately held, family-controlled New York real estate company that owns and self-manages two Manhattan commercial office buildings — 10 Times Square (575,000 sq ft) and 1410 Broadway (385,000 sq ft) — serving enterprise office, retail, coworking, and hospitality tenants.

Ownership category

akta.pro rank

Product category

Commercial Real Estate

NAICS

Lessors of Nonresidential Buildings (except Miniwarehouses) (531120), Real Estate Property Managers (53131), Offices of Other Holding Companies (551112)

SIC

Operators Of Nonresidential Buildings (6512), Real Estate Dealers (For Their Own Account) (6532), Real Estate (6500)

akta.pro primary industry

Office Property Management (BPAJAGAA)

akta.pro secondary industry

Self-Storage Property Management (BPAJAGAM)

Keywords

• Commercial real estate
• Office leasing
• Property management
• Manhattan office space
• Class A commercial buildings

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Marketing or Sales

Distribution channels1 record

Core offering

L.H. Charney Associates owns, develops, and self-manages two Class A commercial office buildings in Manhattan: 10 Times Square (1441 Broadway) and 1410 Broadway. The company leases office and retail space within these properties to commercial tenants as its primary line of business.

Product overview

L.H. Charney Associates is a privately held real estate development and property management company headquartered in New York City. The company operates a portfolio of two commercial office buildings in Manhattan: 10 Times Square (aka 1441 Broadway), a 575,000-square-foot property, and 1410 Broadway, a 385,000-square-foot property. Both buildings feature integrated retail space, renovated lobbies with state-of-the-art video and sound elements, and the company's ZAZ10TS cultural gallery program that presents rotating art exhibitions. Properties are self-managed by L.H. Management Company.

Differentiator

Problem solved

Functional benefit

Products and services

• 10 Times Square (1441 Broadway) Class A commercial office building owned and self-managed by L.H. Charney Associates, located at 1441 Broadway in the Times Square area of Manhattan. The building is leased to commercial tenants for office and retail use.
• 1410 Broadway Class A commercial office building owned and self-managed by L.H. Charney Associates, located at 1410 Broadway in Manhattan's Garment District. The building is leased to commercial tenants for office and retail use.

Quantifiable outcome

• Completed major lobby renovation in 2018 featuring state-of-the-art video and sound elements
• +1 more outcomes

Named customers7 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators2 records

Recent moves6 records

Expansion highlights2 records

Direct peers

• SL Green Realty Corp. Largest office landlord in Manhattan with a concentrated portfolio of Class A and repositioned office assets in similar Midtown / Times Square submarkets. Directly comparable in asset type, geography, and tenant mix (financial, legal, tech, coworking).
• Vornado Realty Trust: NYC-focused office REIT with significant Times Square / Penn District holdings. Direct peer given overlapping Manhattan office concentration, trophy-asset orientation, and similar tenant roster (retail, apparel, media).
• Paramount Group, Inc. Manhattan-focused office REIT owning Class A office properties in similar Midtown submarkets. Directly comparable in vintage of assets, scale per building, and reliance on premium office leasing economics.
• Empire State Realty Trust: NYC-centric office and retail landlord (including the Empire State Building) with a portfolio strategy centered on repositioned older office product in Midtown / Garment District. Closely comparable in vintage and repositioning thesis.
• RXR Realty: Private NYC commercial real estate operator and owner with significant office and mixed-use holdings in Manhattan. Directly comparable in scale, private ownership structure, and tenant mix.
• The Durst Organization: Family-owned Manhattan commercial real estate owner-operator with a portfolio spanning Times Square and Midtown. Comparable as a private, vertically-integrated NYC landlord focused on sustainability-led repositioning of older product.
• Tishman Speyer: Global owner-developer of trophy office assets including Rockefeller Center and other Manhattan towers. Comparable as a peer in tenant mix, asset quality, and direct leasing model despite greater scale and geographic reach.

Broad incumbents

• Brookfield Property Group: One of the world's largest commercial real estate owners, with a major Manhattan office portfolio. Broad incumbent that competes for the same trophy Midtown tenants but at significantly greater scale and capital access.

Others

• CBRE Group, Inc. Largest global commercial real estate services firm providing leasing, property management, and capital markets advisory. Adjacent comparator relevant for benchmarking tenant-rep, leasing commissions, and property management best practices rather than direct ownership competition.
• Newmark Group, Inc. Commercial real estate services and investment sales firm with a strong Manhattan leasing and investment sales practice. Adjacent comparator reflecting the brokerage ecosystem in which L.H. Charney competes for tenants and capital.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about L.H. Charney Associates