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1540 Broadway

Wang Ning Of Pop Mart Signs 10-Year Lease At 1540 Broadway Times Square With Steven Roth
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

Steven Roth

Vornado Realty Trust

Landlord

$4.4B

vol

45 deals

Landlord
Vornado Realty Trust
Vornado Realty TrustLandlord
Wang Ning

Wang Ning

Pop Mart

Tenant

2 deals

Tenant
Pop Mart
Pop MartTenant

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