1552-1560 Broadway | The Real Deal New York

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1552-1560 Broadway

1552 Broadway
New York, NY 10036
Retail, Leasing/Rental

1552-1560 Broadway is the virtual address of retail properties in Midtown, Manhattan near Times Square. The landmarked I. Miller Building at 1552 Broadway has been connected to the building at 1560 Broadway. Mens clothing store Express currently leases 30,000-square-feet at the very valuable retail location.

A joint venture between SL Green and Jeff Sutton bought 1552 Broadway for $136.5 million in 2011. Having also acquired neighboring 1560 Broadway, home to a McDonalds restaurant for over 30 years, they were able to connect the two buildings by bringing down adjacent walls, thus freeing up additional retail space. The partners also bought 55 West 46th Street to make the connection possible.

-WP

  • Year Built 1939
  • square feet 6,914
  • block and lot 1-00999-0001
  • BIN 1022660

08/15/14
...Times Square, and co-owns a retail stake in 1552-1560 Broadway with Jeff Sutton, located at the corner of 46th Street, where the main tenant...

07/24/12
...a 15-year lease for a 30,000 flagship store at 1552-1560 Broadway, at 46th Street. Back in May 2011, SL Green and venture partner Jeff Sutton purchased...
  • Event Retail Leasing
  • Address 1552 Broadway
  • Neighborhood Times Square
  • Borough Manhattan
  • Square feet 27,000
notes
The apparel retailer signed a 15-year lease for a new store, the New York Post reported. Slated to open in fall 2013, the four-story building will be reconfigured into three stories to allow for higher ceilings, according to the paper.
  • Event Sales
  • Address 1552 Broadway
  • Neighborhood Times Square
  • Borough Manhattan
  • Square feet 15,000
  • Price $ 136,550,000
  • Price per foot $ 9,103.33
notes
The property sold for $136.55 million. The building is currently occupied by a T.G.I. Friday's location.
  • Event Sales
  • Address 1552 Broadway
  • Neighborhood Times Square
  • Borough Manhattan
  • Square feet 12,901
  • Price $ 48,000,000
  • Price per foot $ 3,720.64
  • Publication Date 12/01/2005
  • Event Date 10/22/2005
  • Party 1 NorthStar Realty Finance Corp.
  • Party 2 National Restaurants Management, Inc.
notes
The Riese Organization's restaurant division is in contract to buy the Times Square site for $48 million.