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1540 Broadway

LEASEDOffice

Comcast Signs 140,000 Square Foot Lease At 1540 Broadway In Times Square With Landlords BDT & MSD Partners

1540 Broadway

Building Size

140,000 SF

Asset Type

Office

Closing

Aug 7, 2026

AI

The property asset involved in this transaction is located at 1540 Broadway, in the Times Square market. This office space encompasses a total of 140,000 square feet, facilitating Comcast's operations.

Summary of transaction details:

This lease transaction highlights the collaboration between multiple parties, with Comcast consolidating its advertising sales and technology operations from two previous locations, specifically 1407 Broadway and 55 W. 46th St.

Players

Frank Doyle

JLL

Broker

$538.2M

vol

26 deals

Broker
GFP Real Estate
GFP Real EstateLandlord

Broadway 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