BDT & MSD Partners Acquire 1540 Broadway Office Condo In Times Square For $237.5 Million
1540 Broadway
$237,500,000
$333/SF
Building Size
713,211 SF
Asset Type
Office
Closing
Dec 31, 2025
About this deal
AI
The property asset involved in this transaction is an office space located at 1540 Broadway in the Times Square market of Manhattan. It was sold for a total of $237,500,000, with a total square footage of 713,211 and a price per square foot of $333.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $237,500,000
- Buyer: BDT & MSD Partners
- Seller: EDGE Fund Advisors
- Loan Amount Assumed: $358,000,000
- Loan Holder: Apollo Global Management
Michael Dell’s family office affiliate, BDT & MSD Partners, was instrumental in acquiring control of the office condo at 1540 Broadway, marking a significant investment in the Times Square area.
On the Map
$237,500,000
$333/SF
Office
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Players
New York Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.07%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93