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1501 Broadway

CityPickle Signs 37000 Square Foot Lease At 1501 Broadway For Manhattan Flagship
LEASEDOffice

CityPickle Signs 37000 Square Foot Lease At 1501 Broadway For Manhattan Flagship

1501 Broadway

Building Size

37,000 SF

Asset Type

Office

Closing

Jul 29, 2025

AI

1501 Broadway, located in Manhattan, features an office space with a total area of 37,000 square feet. The building is known as the Paramount Building, leased by Paramount Leasehold LP.

Summary of transaction details:

CityPickle has signed a lease to establish its Manhattan flagship at this location, including seven courts, a bar, and a lounge, while also serving as its new headquarters.

Players

Martin Cottingham

Avison Young

Broker

$90.5M

vol

9 deals

Broker
Avison Young
Avison YoungBrokerage
Mary Cannon

Mary Cannon

CityPickle

Tenant

$2.1M

vol

2 deals

Tenant
CityPickle
CityPickleTenant

New York Office Market Snapshot

Boundary boundary · Office · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93