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1501 Broadway

Paramount Building

New York, NY 10036

  • 100 - 47,748 sqft
  • inquire for pricing

Building Details

  • Owner/Leasing ManagerLevin Properties
  • Floors33
  • ArchitectRapp & Rapp
  • Walk Score®97
  • Year Built1926
  • Noise Index0.67

Finished in 1927, The Paramount Building is located on 1501 Broadway, New York, NY 10036 by the corner of 43rd Street and Broadway. The structure is quite big and features over 690,000 square feet of office space for lease with 33 stories. Although an older building, the structure was renovated in 2006 and now offers class A office space and amenities. Sitting in the heart of Times Square, this structure benefits from being in the vicinity of some of [New York City] (http://www.thesquarefoot.com/new-york-city)’s best amenities. There are literally hundreds of restaurants, bars, and cafe that surround 1501 Broadway as well as easy access to the bus and subway lines. Its proximity to other office structures also located in [Midtown] (http://www.thesquarefoot.com/new-york-city/office-space/midtown) make this an ideal building for an organization looking to be in the heart of a large business district. Such excellent placement adds a significant amount of value for the building’s tenants. As a fairly old building, the structure was declared a New York City landmark in 1988 and once housed Paramount Pictures as well as Paramount Theater. At the time of its construction, the building was lavishly ornamented, featuring Greek statues, busts, and grandiose designs in the lobby and floors.

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  • Availability

    UnitSizePriceInquire
    12th Floor100 sqftInquire for pricing
    20th Floor - Suite430 sqftInquire for pricing
    Office Space500 sqftInquire for pricing
    16th Floor - Suite 1609801 sqftInquire for pricing
    13th Floor - Suite 1303946 sqftInquire for pricing
    18th Floor - Suite 18001,114 sqftInquire for pricing
    29th Floor - Partial 29th Suite1,472 sqftInquire for pricing
    31st Floor - Entire 31st Suite1,856 sqftInquire for pricing
    13th Floor - Suite 13041,909 sqftInquire for pricing
    18th Floor - Suite 18042,002 sqftInquire for pricing
    29th Floor - Partial 29th Suite2,400 sqftInquire for pricing
    25th Floor - Suite 25052,806 sqftInquire for pricing
    16th Floor - 1601/03 Suite3,267 sqftInquire for pricing
    30th Floor - Entire 30th Suite3,479 sqftInquire for pricing
    20th Floor - Suite 20153,751 sqftInquire for pricing
    25th Floor - Suite 25004,066 sqftInquire for pricing
    5th Floor - Partial 5th Suite4,530 sqftInquire for pricing
    13th Floor4,975 sqftInquire for pricing
    18th Floor - 1812/14 Suite7,111 sqftInquire for pricing
    9th Floor - Partial 9th Suite7,180 sqftInquire for pricing
    17th Floor - Suite 17037,332 sqftInquire for pricing
    24th Floor - Entire 24th Suite10,109 sqftInquire for pricing
    19th Floor - Entire 19th Suite16,352 sqftInquire for pricing
    4th Floor - Partial 4th Suite21,819 sqftInquire for pricing
    Office Space41,308 sqftInquire for pricing
    7th Floor - Partial 7th Suite45,002 sqftInquire for pricing
    Paramount Bldg Suite47,178 sqftInquire for pricing
    11th Floor47,178 sqftInquire for pricing
    10th Floor - Entire 10th Suite47,748 sqftInquire for pricing
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    Neighborhood

    Times Square

    Times Square is referred to as “The Crossroads of the World” and “The Center of the Universe.” Full of flashing lights, street performers and digital billboards, the area is constantly bustling with activity. Though it only spans five streets–from West 42nd to West 47th–it’s a chief center of the world’s entertainment center and one of the world’s most popular tourist destinations. Well-known companies with a corporate presence in the neighborhood include Morgan Stanley, Nickelodeon, MTV Networks, Thomson Reuters, and Six Flags Inc.

    Times Square Office Space | Lease and Data Trends

    Office space in Times Square rents for an average of $94 per square foot. This pricing is above the average NYC office space asking rent of $75 per square foot, but comparable with neighborhoods such as the Plaza District, Fifth-Madison, Park Avenue, Hudson Yards, and TriBeCa. The vacancy rate in Times Square is about 12 percent, above the Manhattan average of 9 percent, providing those seeking office space with plenty of choices.

    If you’re looking for premium office space near Times Square, SquareFoot is currently touring nearly a dozen exclusive listings at 530 Seventh Avenue, between 38th and 39th streets. The Class A property offers flexible lease terms, 24/7 secure building access, 22-foot ceilings, and the communal feel of a coworking space with the privacy and professional look of a traditional office lease.

    Available spaces in 530 Seventh Avenue range from executive-style suites to offices for teams of 15-20 employees. Contact our brokers today to set up a tour of the space!

    What Our Brokers Have to Say

    Times Square is located in the heart of Midtown Manhattan. Though the name “Times Square” seems to imply the area is square-shaped, it’s actually more bowtie-shaped. Nearby neighborhoods include Midtown South, the Garment District, and Chelsea.

    If you want to attract employees and clients from throughout the NYC metro area, Times Square offers plenty of options to get around, for employees, locals, tourists, and suburban commuters. Times Square and Port Authority offer access to 1, 2, 3, 7, A, C, E, N, Q, R, and W trains, and a shuttle to Grand Central Station. The 33rd Street Station for the PATH train is also nearby; the station connects with lines B, D, F, N, Q, R, and W as well as local buses. Easily accessible buses include M7, M104, M20, M5, M42 and M50.

    Given the amount of foot and vehicular traffic, bicycling in Times Square is quite dangerous. We recommend dealing with the crowds and staying on foot.

    More than 131 million people pass Times Square per year; working there means having access to a practically endless pool of clients, business partners and employees. If you need a break from all of the activity, just walk to Bryant Park of Central Park. Planning a business meeting or lunch? Here are a few location ideas: Times Square Diner, La Bernardin, or The Capital Grille. The neighborhood is ideal for business trips; if you need to book a hotel for a contractor or a business partners, check out Crowne Plaza Times Square, Millennium Broadway or New York Marriott Marquis.

    Get to Know the Neighborhood

    Times Square is well known for its giant, colorful advertisements such as the Coca-Cola sign. Tourists make their way to the center of the square just to take photos with the advertisements. Well-known locations in Times Square include The Hard Rock Cafe, Planet Hollywood, Times Square Studios, and the Playstation Theater. Times Square boasts more than 300,000 visitors per day. In fact, the overwhelming number of pedestrians in the area inspired the mayor in 2009 to change traffic lanes along Broadway from 42nd to 47th Street into pedestrian plazas.

    Times Square was called Longacre Square until 1904 when The New York Times moved into Times Building, now named One Times Square. Now, the building–sometimes simply called Times Tower–is best known for its annual New Year’s Eve ball drop. The event was first held in 1907, and in 2018, more than 25 million people attended the event or watched it on TV to bring in the New Year. Countdown Entertainment, One Times Square and the Times Square Alliance now work together to put on the event each year.

    This iconic Manhattan neighborhood provides countless activities for tourists and residents alike: attending Stephen Colbert’s Tonight Show, visiting the Ripley’s Believe it or Not Museum, exploring the National Geographic Ocean Odyssey, or hearing The Times Square Church’s top-notch gospel choir.

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    SquareFoot does not represent the building. Pricing is estimated based on market averages. Information is deemed reliable but not guaranteed.