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    1535 Broadway

    1535 Broadway
    New York, NY 10036
    (212) 894-7988
    Website
    Hotel, Office, Retail, Leasing/Rental

    The Marriott Marquis Hotel building contains 45,000 square feet of retail space leased by Vornado Realty Trust, as well as the areas largest and most expensive digital billboard, a six-story, block-long screen that was first lit up in late 2014. The billboard rents for more than $2.5 million a month. The building is located between 45th and 46th Streets in Times Square, which draws 39 million tourists a year.
    Vornado signed a 20-year lease for the retail property in August, 2012, agreeing to spend as much as $140 million to expand the space, convert the underground parking lot into retail and create the LED sign. The lease gives Vornado the option to buy the space for a price to be determined by the its future cash flows.

    -NE

    • Year Built 1985
    • square feet 1,800,000
    • block and lot 1-01017-0029
    • BIN 1024727
    • Event Sales
    • Address 1535 Broadway
    • Neighborhood Times Square
    • Borough Manhattan
    • Square feet 45,000
    • Price $ 442,000,000
    • Publication Date 10/01/2018
    • Event Date 09/24/2018
    • Party 1 Host Hotel & Resorts
    • Party 2 Vornado Realty Trust
    notes
    The buyer acquired the commercial condo portion inside the Times Square property for $442 million.
    • Event Retail Leasing
    • Address 1535 Broadway
    • Neighborhood Midtown
    • Borough Manhattan
    • Square feet 17,250
    notes
    The denim company inked lease for retail space on the lower level and ground floor of the Marriott Marquis.
    • Event Retail leasing
    • Address 1535 Broadway
    • Neighborhood Times Square
    • Borough Manhattan
    • Square feet 640
    • Price per foot $ 2,400.00

    01/19/2016
    Vornado Realty Trust’s 1.8 million-square-foot hotel and retail building at 1535 Broadway saw its city-assessed market value climb by just over $200 million, to just over $1 billion...

    12/01/2014
    The largest available retail Vornado is marketing is at the base of Marriott Marquis, at 1535 Broadway in Times Square, where the firm is constructing a major retail location with 45,000 square feet available.  The firm purchased the site in July 2012 for $213 million...

    05/01/2014
    In addition, there are buildings being rehabbed that are expected to generate more than $15 million per year for their owners. They include Vornado’s 640 Fifth Avenue and 1535 Broadway, and a project co-owned by Sutton, Joe Sitt, Aurora Capital Associates and the Adjmi family at 529 Broadway in Soho...
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