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1657 Broadway
New York, NY 10019 Times Square

Price Upon Request

Hotel Condo For Sale  •  101,945 SF

Property Details

  • Property Type Hotel
  • Total Building Size 195,000 SF
  • Lot Size 0.5 AC
  • Building Class B
  • Year Built 1984
  • Tenancy Multiple
  • Zoning C6-7.5
100 Transit Score
99 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit 1657 Full 1st Floor Retail 101,945 SF Price Upon Request
  • Unit Size: 101,945 SF
  • Condo Use: Retail
  • Price: Price Upon Request
  • Sale Type: Investment
Description
The property is anchored by long-standing, investment-grade tenancy, including Duane Reade and McDonald’s, both of which generate strong in-place rents and contribute to a weighted average lease term of 39.4 years. Times Square Church occupies a significant portion of the upper-level office space, providing further income stability through its long operational history at the location. Additional tenancy from the M Social Hotel’s lobby space underscores the asset’s durable and diversified rent roll.

Sale Notes
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.

Description 

1657 Broadway presents a rare opportunity to acquire a premier, fully occupied retail and office asset positioned at one of Manhattan’s most iconic intersections. Located between West 51st and West 52nd Streets, the property occupies a commanding presence along Broadway, surrounded by the energy, tourism, and commercial density that define the Times Square district. This corridor remains one of the most trafficked pedestrian environments in the country, attracting millions of visitors each year and offering exceptional visibility for national brands.

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.

Property Flyers

Amenities

  • Business Center
  • Fitness Center
  • Restaurant
  • High Speed Internet Access
  • Patio
  • On-Site Bar
  • Meeting Event Space
  • Public Access Wifi

Public Transportation

Commuter RailDriveWalkDistance
Grand Central Terminal (Harlem Line - Metro-North Commuter Railroad Company (Metro-North), Hudson Line - Metro-North Commuter Railroad Company (Metro-North), New Haven Line - Metro-North Commuter Railroad Company (Metro-North)) 6 min 19 min 1.0 mi
New York Penn Station (NJT) (Montclair-Boonton Line - NJ Transit Commuter Rail (NJ Transit), Morris & Essex Gladstone Branch - NJ Transit Commuter Rail (NJ Transit), Morris & Essex Morristown Line - NJ Transit Commuter Rail (NJ Transit), North Jersey Coast Line - NJ Transit Commuter Rail (NJ Transit), Northeast Corridor Line - NJ Transit Commuter Rail (NJ Transit)) 5 min - 1.0 mi
Transit/SubwayDriveWalkDistance
50 Street (1,2 Line) (1 - New York MTA Subway (The Subway), 2 - New York MTA Subway (The Subway)) 1 min 1 min 0.1 mi
7 Avenue (B,D,E Line) (B - New York MTA Subway (The Subway), D - New York MTA Subway (The Subway), E - New York MTA Subway (The Subway)) 2 min 2 min 0.1 mi
49 Street (N - New York MTA Subway (The Subway), R - New York MTA Subway (The Subway)) 1 min 3 min 0.2 mi
50 Street (A,C,E Line) (A - New York MTA Subway (The Subway), C - New York MTA Subway (The Subway), E - New York MTA Subway (The Subway)) 1 min 3 min 0.2 mi
57 Street (N,Q,R Line) (N - New York MTA Subway (The Subway), Q - New York MTA Subway (The Subway), R - New York MTA Subway (The Subway)) 3 min 6 min 0.3 mi
AirportDriveWalkDistance
LaGuardia 18 min - 9.9 mi
Newark Liberty International 22 min - 14.5 mi
John F Kennedy International 29 min - 17.8 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Michael Zimmerman 954-290-6366 Katz & Associates
Michael Zimmerman 954-290-6366 Katz & Associates