1501 Broadway – Paramount Building, New York, NY, 10036
Cross Streets are: 44th St and 43rd St
32 Story Class A Office Building, Multiple Floors Available
Originally located in the vibrant heart of Times Square, the iconic Paramount Building was home to the renowned Paramount Theater and served as the eastern headquarters for what would become Paramount Pictures.
This brick-clad landmark occupies an entire city block on Broadway, nestled between West 43rd and West 44th Streets. Inside, visitors are greeted by a beautifully restored Art Deco lobby featuring elegant marble, alongside a distinctive clock tower and dramatic lighting that highlights the building’s architectural setbacks.
With restored elevators and 24/7 access, the Paramount Building seamlessly blends historical charm with modern convenience. Ownership of the building is divided between affiliated entities: the Arthur Cohen family likely holds the leased fee interest, while the Levin family, connected with Levin Management, maintains the leasehold interest.
The average market on Times Square asking rent: $87 per square feet for Class A office rent.
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