1538 Broadway

The former Bertelsmann Building is at 1538 Broadway, New York, NY 10036, in Times Square.

1538 Broadway has about 920,000 square feet of floor area in total, including 713,000 square feet of office and 131,000 square feet of retail, according to NYC PLUTO 26v2. These are the city's estimates for the whole building, not space that is available.

City records list 1989 as the year built. The building is 42 floors tall.

City records list 1540 Broadway, 159-177 West 45th Street and 164 West 46th Street on the same tax lot (BBL 1009987501) as 1538 Broadway. A space listed on Leasemark at any of these addresses shows up on this page.

1538 Broadway is in ZIP code 10036, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 1538 Broadway, New York, NY 10036, in Times Square.

The lot is in the C6-7T zoning district. PLUTO lists a built floor area ratio (FAR) of 23.77 and a maximum commercial FAR of 14 for this lot.

The closest subway station to 1538 Broadway is 49 St (the N, R and W trains), about 700 feet away in a straight line, roughly 3 minutes on foot. The MTA lists it as partly accessible. Also nearby: Times Sq-42 St (the 1, 2, 3, 7, N, Q, R, W, S, A, C and E trains, connected to 42 St-Port Authority Bus Terminal), 3 min walk; 47-50 Sts-Rockefeller Ctr (the B, D, F and M trains), 4 min walk. Walking times are straight-line estimates; the street route is longer.

1538 Broadway is a condominium of 5 tax lots. VORNADO 1540 BROADWAY LLC, one of 2 owners of record on the roll, owns the units that make up 50% of its market value. That is from the NYC Department of Finance's 2026/27 assessment roll (BBL 1009987501). Deeds and mortgages for each unit are public in ACRIS, the city's property records system.

Leasemark does not have the building's tenant roster, but SEC filings name companies with offices at 1538 Broadway. 2 public companies report the address as their principal executive office: AIB DATA CENTERS INC. (AIB); and SCHRODINGER, INC. (SDGR). 3 investment managers and funds file 13F holdings reports from the address: Alight Capital Management LP; FNY Investment Advisers, LLC; and Vazirani Asset Management LLC. Private companies do not file with the SEC, so the full list of tenants is longer, and a company can also report a building it owns.

1538 Broadway reported an ENERGY STAR score of 76 for calendar year 2024 in its Local Law 84 benchmarking filing. Under Local Law 33, as amended by Local Law 95 of 2019, a score of 85 or higher earns an A, 70 to 84 a B, 55 to 69 a C and under 55 a D, so 76 earns a B. The Department of Buildings assigns the grade a building posts, so the posted label can differ if a filing was corrected. Its site energy use came to 60.7 kBtu per square foot, 31% below the national median of 88.1 for a similar property. Its greenhouse gas emissions were about 5,462 metric tons of CO2e (5.44 kg per square foot).

In the 12 months to October 2026, the Department of Buildings issued first permits for 31 jobs at 1538 Broadway. In the last two years, interior work was permitted on 15 floors (floors 1, 2, 6, 7, 10, 27, 28, 30 to 36 and 38, the cellar, the ground floor, the mezzanine and the sub-cellar). The newest build-out, on floor 36, was first permitted in September 2026 (construction, mechanical, sprinklers; filed cost estimate $519,000). A sidewalk shed permit here is active until November 5, 2026. These are the Department of Buildings' DOB NOW work permits for tax lot 1009987501. A permit is approval to do the work; it does not say who the work is for or whether it is finished.

The Department of Finance's 2026/27 assessment roll lists a taxable value of $249.4 million for 1538 Broadway (the sum of its 5 condominium tax lots). At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $27.1 million a year, roughly $29.41 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1009987501 show the actual bill.

For tax year 2026/27, the NYC Department of Finance puts the market value of 1538 Broadway at $563.4 million ($69.2 million of it land) and its assessed value at $253.5 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 7% from 2022/23 ($527.2 million) to 2026/27.

Owners registered 16 storefronts at 1538 Broadway for December 31, 2025, the newest annual filing the city has published, and 8 of them stood vacant that day. At least one storefront here has been reported vacant at the end of every year since 2021. These are the owners' filings with the Department of Finance under Local Law 157, so a storefront vacant on December 31, 2025 may have been leased since. Owners and brokers can list a storefront on Leasemark for free.

No space at 1538 Broadway is listed on Leasemark right now. Owners and brokers can list space here for free, and tenants can post a requirement to be matched when space opens up.