Katz & Associates, as exclusive advisor to Ownership, is pleased to present the opportunity to acquire a partial interest in the leasehold position in the retail
property located at 1657 Broadway (the “Property” or the “Offering”), a premier retail asset situated in the heart of Midtown Manhattan.
The asset is comprised of nearly 102,000 Net Rentable SF of prime retail space and is 100% leased to multiple long-standing national tenants. With an incredible weighted average lease term (WALT) of 39.4 years, the Property provides a stable and diversified income stream, reinforced by the high-credit quality of major tenants including Duane Reade and McDonald’s. Additionally,
the space boasts over 300’ of premium ground and second floor wraparound frontage along Broadway, one of the city’s most trafficked commercial avenues.