954-290-6366
1657 Broadway, New York, NY for Sale
Hospitality CONDO - FOR SALE
1/6
null | Request Cap Rate

1657 Broadway
New York, NY 10019
Times Square


HIGHLIGHTS

  • 100% Occupied Leasehold Position
  • Situated along a globally recognized retail avenue offering nonstop foot traffic and unmatched brand exposure.
  • Supported by a stable roster of national tenants generating consistent long-term income secured by lengthy lease commitments.
  • Surrounded by premier hotels, entertainment venues, and cultural anchors that sustain high visitation throughout the year.
  • Connected to one of the city’s strongest transportation networks with immediate access to multiple subway lines.
  • Enhanced by exceptional frontage along three major corridors that create unparalleled street-level visibility.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Leasehold Opportunity

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

195,000 SF

STORIES

30

BUILDING CLASS

B

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,780 SF

ZONING

C6-7.5

APN/PARCEL ID

1023-0018

ASK ABOUT THIS PROPERTY

Michael ZimmermanKatz & AssociatesMore Info
954-290-6366

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Michael ZimmermanKatz & AssociatesMore Info
954-290-6366

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.