LEASEDRetail
Wang Ning Of Pop Mart Signs 10-Year Lease At 1540 Broadway Times Square With Steven Roth
1540 Broadway
Building Size
—
Asset Type
Retail
Closing
Sep 29, 2025
AI
The property involved is a retail asset located at 1540 Broadway in the Times Square market. Pop Mart has signed a lease for 7,000 square feet of space at this address.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 1540 Broadway
- Market: Times Square
- Landlord: Steven Roth - Vornado Realty Trust
- Tenant: Wang Ning - Pop Mart
- Lease Term: 10 years
Steven Roth represents Vornado Realty Trust as the landlord, while Wang Ning is the tenant representing Pop Mart, which plans to open its first U.S. flagship store at this location next year.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · 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