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1657 Broadway - M Social Hotel New York Unité de condo • Commerce de détail • 101 945 pi² • New York, NY 10019
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Faits saillants de l'investissement
- 100% Occupied Leasehold Position
- Supported by a stable roster of national tenants generating consistent long-term income secured by lengthy lease commitments.
- Connected to one of the city’s strongest transportation networks with immediate access to multiple subway lines.
- Situated along a globally recognized retail avenue offering nonstop foot traffic and unmatched brand exposure.
- Surrounded by premier hotels, entertainment venues, and cultural anchors that sustain high visitation throughout the year.
- Enhanced by exceptional frontage along three major corridors that create unparalleled street-level visibility.
Résumé de l'annonce
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.
Faits sur la propriété
| Taille totale du bâtiment | 195 000 pi² | Planchers | 30 |
| Type de propriété | Services hôteliers (Condo) | Superficie de plancher typique | 21 776 pi² |
| Sous-type de propriété | Hôtel | Année de construction | 1984 |
| Classe d’immeuble | B | Taille du lot | 0,50 AC |
| Zonage | C6-7.5 - C6 districts permit a wide range of high-bulk commercial uses requiring a central location | ||
| Taille totale du bâtiment | 195 000 pi² |
| Type de propriété | Services hôteliers (Condo) |
| Sous-type de propriété | Hôtel |
| Classe d’immeuble | B |
| Planchers | 30 |
| Superficie de plancher typique | 21 776 pi² |
| Année de construction | 1984 |
| Taille du lot | 0,50 AC |
| Zonage | C6-7.5 - C6 districts permit a wide range of high-bulk commercial uses requiring a central location |
Commodités
- Centre d’affaires
- Centre de conditionnement physique
- Restaurant
- Accès Internet à haute vitesse
- Patio
- Bar sur place
- Espaces de réunion
- Accès Wi-Fi public
Pièce renseignements sur le mélange
| Description | Nombre de pièces | Taux quotidien | pi² |
|---|---|---|---|
| Guest Room | 480 | 527,75 $ CAD | - |
1 Unité disponible
Unité 1657 Full 1st Floor
| Taille de l’unité | 101 945 pi² | Revenu net d’exploitation | 530 485,26 $ CAD |
| Utilisation du condo | Commerce de détail | Conditions de vente | Emphytéote |
| Type de vente | Investissement |
| Taille de l’unité | 101 945 pi² |
| Utilisation du condo | Commerce de détail |
| Type de vente | Investissement |
| Revenu net d’exploitation | 530 485,26 $ CAD |
| Conditions de vente | Emphytéote |
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.
Notes sur la vente
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.
Présenté par
1657 Broadway - M Social Hotel New York
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