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:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 1540 Broadway
- Market: Times Square
- Landlord: BDT & MSD Partners
- Landlord's Rep: Jeffrey Gural - GFP Real Estate; Allen Gurevich - GFP Real Estate; Clark Finney - JLL; Frank Doyle - JLL; Mike Pallas - JLL; Carlee Palmer - JLL
- Tenant: Comcast
- Tenant's Rep: Gabe Marans - Savills; Jay Joyce - Savills; Greg Bante - Savills
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
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