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Office properties sold at an average of $179 per square foot, down 9% from the average sale price last year, though that marks a slowdown from the 24% drop from 2022 to 2023.
One Astor Plaza, also known as 1515 Broadway and formerly the W. T. Grant Building, is a 54-story office building on Times Square in the Theater District of Midtown Manhattan in New York City. Designed by Der Scutt of Ely J. Kahn & Jacobs , the building was developed by Sam Minskoff and Sons .
Rental rates for office and retail space are typically quoted in terms of cost per floor-area–time, usually cost per floor-area per year or month. For example, the rate for a particular property may be $29 per square-foot per year ($29/sq. ft/yr) or $290 per square-meter per year ($290/m 2 /yr).
It is the easternmost building in the Worldwide Plaza complex, which occupies the entire city block bounded by Eighth Avenue, Ninth Avenue, 49th Street, and 50th Street and is built on the site of New York City's third Madison Square Garden. Adjacent to One Worldwide Plaza to the west are a public plaza and two residential buildings.
It was about 54 square feet, a 9-by-6-foot room with no bathroom or kitchen. ... The prolonged supply shortage cratered New York City’s rental vacancy rate to 1.4% ... It will cost around $3,500 ...
500 Park Avenue is at the southwest corner of Park Avenue and 59th Street in the Midtown Manhattan neighborhood of New York City.The building is composed of two land lots. [1] [2] The rectangular land lot under the original building, at the street corner proper, has a frontage of 100 feet (30 m) on Park Avenue to the east and 125 feet (38 m) on 59th Street to the north.
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