Commercial condominium · Times Square, Manhattan
1585 Broadway
New York, NY 10036
1585 Broadway is a 42-floor commercial condominium in Times Square, Manhattan, built in 1987, with about 59,000 square feet of office space according to city records.
Also at 213-239 West 47th Street and 204-218 West 48th Street.
- Office space
- 59K SF
- Floors
- 42
- Year built
- 1987
- Zoning
- C6-7T
The 14th largest of the 15 office buildings we track in Times Square. Compare it with 6 neighbors
No space at 1585 Broadway is listed on Leasemark yet. Own or broker space here? List it free and it is matched against every active requirement the day it goes up, or import a spreadsheet of up to 50 spaces at once.
Compared with its neighbors
How 1585 Broadway compares
Next to the 6 nearest large office buildings, all within a 3 minute walk, 1585 Broadway ranks 6th of 7 by office floor area. It went up in 1987; the median neighbor dates from 1979. Its estimated property tax, about $28.23 a square foot of floor area before abatements, is above the neighbors' median of $20.29.
| Building | Office space | Floors | Built | Tax / SF |
|---|---|---|---|---|
| 1585 Broadway | 59K SF | 42 | 1987 | $28.23 |
| 729 Seventh Avenue | 152K SF | 15 | 1915 | $19.72 |
| 750 Seventh Avenue | 533K SF | 34 | 1988 | $18.89 |
| 151 West 46th Street | 56K SF | 14 | 1928 | $9.97 |
| 1538 Broadway | 713K SF | 42 | 1989 | $29.41 |
| 745 Seventh Avenue | 1.0M SF | 32 | 1999 | $20.87 |
| One Astor Plaza, 1515 Broadway | 1.4M SF | 54 | 1970 | $21.43 |
Sources: NYC Department of City Planning, PLUTO 26v2 for size, floors and year built; NYC Department of Finance 2026/27 roll for tax (taxable value times the class rate, before abatements, over the whole floor area). Large means at least 50,000 SF of the building's main use. Walking times are straight-line estimates.
NYC tax lot records
Building facts
- Other addresses
- 213-239 West 47th Street; 204-218 West 48th Street
- ZIP code
- 10036
- Building type
- Commercial condominium (city class RC)
- Total floor area
- 1,028,336 SF
- Commercial floor area
- 1,028,336 SF
- Office
- 59,187 SF
- Retail
- 969,149 SF
- Height
- 42 floors
- Year built
- 1987
- Lot area
- 50,657 SF
- Zoning district
- C6-7T
- Built FAR
- 20.3
- Max commercial FAR
- 14
- Tax lot (BBL)
- 1010197502
Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-09-30; addresses from the Property Address Directory (PAD) 26b; subway stations from the MTA Subway Stations dataset, pulled 2026-10-02. Floor areas are the city's estimates for the whole building, not available space. Walking times are straight-line estimates. How we build these pages. Something wrong on this page? Tell us.
NYC storefront registry (Local Law 157)
Storefronts and vacancy
Owners registered one storefront at 1585 Broadway for December 31, 2024, the newest annual filing the city has published, and it was not vacant that day.
- Storefronts registered for December 31, 2024
- 1
- Vacant that day
- 0
- Share vacant across Times Square
- 14.3%
- Share vacant along Broadway
- 12.7%
- Share vacant citywide
- 8.7%
- Condominium tax lots that filed
- 1
Vacant on December 31, by year
Need a storefront in Times Square? Get matchedStorefront vacancy across New York City
Source: NYC Department of Finance, Storefronts Reported Vacant or Not (Local Law 157), annual filings for 2019 to 2024, pulled 2026-10-02. Owners of buildings with ground- or second-floor storefronts register each one every year with its status on December 31; counts are by tax lot, summed over the condominium's unit lot that filed, as the owners filed them. The 2024 filing was due June 3, 2025, so a storefront vacant then may have been leased since. A vacant storefront is not always on the market, and none here is listed on Leasemark unless it shows above.
NYC Department of Finance records
Owner, property tax and assessed value
1585 Broadway is a condominium of 42 tax lots. MORGAN STANLEY 1585 BROADWAY LLC owns the units that make up 100% of its market value. For tax year 2026/27 the city values 1585 Broadway at $616.6 million and assesses it at $277.5 million. After phase-ins and exemptions its taxable value is $267.6 million; at the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists) that comes to about $29 million a year before abatements, roughly $28.23 per square foot of floor area. Commercial leases here often pass a tenant's share of tax increases over a base year through as additional rent.
- Largest unit owner
- MORGAN STANLEY 1585 BROADWAY LLC (100% of market value)
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $616,594,462
- Land market value
- $89,440,000
- Assessed value
- $277,467,515
- Taxable value (phased in)
- $267,649,806
- Estimated yearly tax
- About $29 million
- Tax per SF of floor area
- About $28.23
- Condominium tax lots
- 42
- Owners of record
- 1
City market value by tax year
Source: NYC Department of Finance, Property Valuation and Assessment Data (2026/27 roll, summed over 42 condominium tax lots; owner names as the roll records them, which cuts some long names short), pulled 2026-10-02; tax rate from the Department of Finance tax rates page, checked 2026-09-28. The estimate is the taxable value times the class rate. It leaves out abatements, payment-in-lieu-of-taxes agreements and charges, so the actual bill can differ.
NYC energy benchmarking (Local Law 84)
Energy score, grade and emissions
1585 Broadway reported an ENERGY STAR score of 82 out of 100 for 2024 in its Local Law 84 benchmarking filing. Under Local Law 33 that score earns a B (70 to 84). Its site energy use came to 96.1 kBtu per square foot, 29% below the national median of 135.3 for a similar property. Its greenhouse gas emissions were about 13,736 metric tons of CO2e (9.53 kg per square foot).
- ENERGY STAR score (2024)
- 82 of 100
- Grade this score earns (Local Law 33)
- B (70 to 84)
- Property type (Portfolio Manager)
- Office
- Site energy use intensity
- 96.1 kBtu/SF
- National median for the type
- 135.3 kBtu/SF
- Greenhouse gas emissions
- 13,736 t CO2e
- Emissions per SF
- 9.53 kg CO2e
- Floor area in the filing
- 1,441,169 SF
Energy sources in 2024
Source: NYC Department of Buildings and Mayor's Office of Climate and Environmental Justice, NYC Building Energy and Water Data Disclosure for Local Law 84 (2024 filing), pulled 2026-10-02; grade cutoffs from the Department of Buildings energy grades page. Figures are as the owner filed them in ENERGY STAR Portfolio Manager. The grade is the one the filed score earns under the law's cutoffs; the Department of Buildings assigns the grade a building posts, which can differ.
NYC Department of Buildings permits
Work permits and build-outs
In the 12 months to September 2026, the Department of Buildings issued first permits for 16 jobs at 1585 Broadway. In the last two years, interior work was permitted on 42 floors (floors 1 to 42, the cellar and the sub-cellar). The newest build-out, on floor 7, was first permitted in September 2026 (mechanical; filed cost estimate $860,000).
- New jobs, last 12 months
- 16
- Initial permits, last 12 months
- 20
- Newest job first permitted
- September 2026
- Interior build-outs, last 24 months
- 16
- Floors with interior work, last 24 months
- 1 to 42, cellar, sub-cellar
- Facade and sidewalk jobs, last 24 months
- 10
Recent build-outs
New jobs by year
Build-outs across Times SquareWhere NYC offices are being built out
Source: NYC Department of Buildings, DOB NOW: Build Approved Permits, pulled 2026-10-02 (permits issued through 2026-09-30). A job counts once, when its first permit is issued; renewals are not new work. A build-out groups jobs on the same floors first permitted within 120 days of each other. Costs are the estimates filed with the jobs. Jobs filed before DOB NOW (in the older BIS system) are not counted. A permit is approval to do the work; it does not say who the work is for or whether it is finished.
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Questions about 1585 Broadway
How big is 1585 Broadway?
1585 Broadway has about 1 million square feet of floor area in total, including 59,000 square feet of office and 969,000 square feet of retail, according to NYC PLUTO 26v2. These are the city's estimates for the whole building, not space that is available.
When was 1585 Broadway built?
City records list 1987 as the year built. The building is 42 floors tall.
What other addresses does 1585 Broadway have?
City records list 213-239 West 47th Street and 204-218 West 48th Street on the same tax lot (BBL 1010197502) as 1585 Broadway. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 1585 Broadway?
1585 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 1585 Broadway, New York, NY 10036, in Times Square.
What is the zoning at 1585 Broadway?
The lot is in the C6-7T zoning district. PLUTO lists a built floor area ratio (FAR) of 20.3 and a maximum commercial FAR of 14 for this lot.
What subway station is closest to 1585 Broadway?
The closest subway station to 1585 Broadway is 49 St (the N, R and W trains), about 400 feet away in a straight line, roughly 1 minute on foot. The MTA lists it as partly accessible. Also nearby: 50 St (the 1 train), 3 min walk; 50 St (the C and E trains), 3 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 1585 Broadway?
1585 Broadway is a condominium of 42 tax lots. MORGAN STANLEY 1585 BROADWAY LLC owns the units that make up 100% of its market value. That is from the NYC Department of Finance's 2026/27 assessment roll (BBL 1010197502). Deeds and mortgages for each unit are public in ACRIS, the city's property records system.
What is the energy grade of 1585 Broadway?
1585 Broadway reported an ENERGY STAR score of 82 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 82 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 96.1 kBtu per square foot, 29% below the national median of 135.3 for a similar property. Its greenhouse gas emissions were about 13,736 metric tons of CO2e (9.53 kg per square foot).
Is there construction at 1585 Broadway?
In the 12 months to September 2026, the Department of Buildings issued first permits for 16 jobs at 1585 Broadway. In the last two years, interior work was permitted on 42 floors (floors 1 to 42, the cellar and the sub-cellar). The newest build-out, on floor 7, was first permitted in September 2026 (mechanical; filed cost estimate $860,000). These are the Department of Buildings' DOB NOW work permits for tax lot 1010197502. A permit is approval to do the work; it does not say who the work is for or whether it is finished.
What are the property taxes at 1585 Broadway?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $267.6 million for 1585 Broadway (the sum of its 42 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 $29 million a year, roughly $28.23 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1010197502 show the actual bill.
What is the assessed value of 1585 Broadway?
For tax year 2026/27, the NYC Department of Finance puts the market value of 1585 Broadway at $616.6 million ($89.4 million of it land) and its assessed value at $277.5 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 9% from 2022/23 ($564.4 million) to 2026/27.
Are there vacant storefronts at 1585 Broadway?
Owners registered one storefront at 1585 Broadway for December 31, 2024, the newest annual filing the city has published, and it was not vacant that day. These are the owners' filings with the Department of Finance under Local Law 157, so a storefront may have come free since. Owners and brokers can list a storefront on Leasemark for free.
Is there office space for lease at 1585 Broadway?
No space at 1585 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.
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