# NEW YORK | 1740 Broadway + 870 7th Ave. | FT | FLOORS
**URL:** https://forum.newyorkyimby.com/t/new-york-1740-broadway-870-7th-ave-ft-floors/22245
**Category:** New York
**Created:** [December 27, 2022, 7:28pm UTC](https://forum.newyorkyimby.com/t/new-york-1740-broadway-870-7th-ave-ft-floors/22245 "2022-12-27T19:28:06Z")
**Posts on this page:** 18
**Page:** 1
### Author:  [@Mackensen](https://forum.newyorkyimby.com/u/Mackensen)
#### Post date: [December 27, 2022, 7:28pm UTC](https://forum.newyorkyimby.com/t/new-york-1740-broadway-870-7th-ave-ft-floors/22245/1 "2022-12-27T19:28:06Z")
Since I can not read the articles, and it contain older information I create this topic again on reservation. If the articles do not contain correct information I can delete this topic again.
> **[Deals of the Day: Nov. 28](https://www.crainsnewyork.com/real-estate/nyc-deals-day-nov-28-2022)**
>
> RXR closes on a $320 million office sale, and a Fort George parking facility exits the market
´ˋ
I found this article via Google search "870 7th Ave“.
> **[Blackstone surrenders 1950s office tower in ominous sign...](https://www.crainsnewyork.com/who-owns-block/blackstone-surrenders-1950s-office-tower-ominous-sign-struggling-midtown-market)**
>
> Brokers say rents dipping below $80 per square foot will tempt businesses to return
> **[Blackstone Flop: Firms Hands Over Keys to 1740 Broadway](https://therealdeal.com/2022/03/22/rare-flop-for-blackstone-firm-hands-over-keys-to-1740-broadway/)**
>
> Blackstone is handing over the key at 1740 Broadway as a $308 million loan by Deutsche Bank was transferred to special servicing.
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### Author:  [@lowkeylion](https://forum.newyorkyimby.com/u/lowkeylion)
#### Post date: [December 27, 2022, 7:43pm UTC](https://forum.newyorkyimby.com/t/new-york-1740-broadway-870-7th-ave-ft-floors/22245/2 "2022-12-27T19:43:37Z")
The two buildings combined would yield over 1.6 million square feet.
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### Author:  [@007](https://forum.newyorkyimby.com/u/007)
#### Post date: [December 27, 2022, 8:24pm UTC](https://forum.newyorkyimby.com/t/new-york-1740-broadway-870-7th-ave-ft-floors/22245/3 "2022-12-27T20:24:35Z")
Is this the site?
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### Author:  [@TKDV](https://forum.newyorkyimby.com/u/TKDV)
#### Post date: [December 27, 2022, 8:27pm UTC](https://forum.newyorkyimby.com/t/new-york-1740-broadway-870-7th-ave-ft-floors/22245/4 "2022-12-27T20:27:17Z")
I had thought there was a thread for the Park Central Hotel site, unless it came up in conversation in a previous unrelated thread months ago.
@lowkeylion there’s only \<1 million zoning sf of potential space between the 2 properties, gross sf would only total around 1.2 million. Might I ask where you got \>1.6 from?
@007 yes, but that was a hypothetical concept, not a real proposal.
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### Author:  [@SideStreet](https://forum.newyorkyimby.com/u/SideStreet)
#### Post date: [December 27, 2022, 9:09pm UTC](https://forum.newyorkyimby.com/t/new-york-1740-broadway-870-7th-ave-ft-floors/22245/5 "2022-12-27T21:09:55Z")
Agreed. Although both buildings on this block _should_ be torn down, they probably won’t be because they both exceed what is currently zoned for this block.
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### Author:  [@007](https://forum.newyorkyimby.com/u/007)
#### Post date: [December 27, 2022, 9:22pm UTC](https://forum.newyorkyimby.com/t/new-york-1740-broadway-870-7th-ave-ft-floors/22245/6 "2022-12-27T21:22:57Z")
nothing new being built here?
Redevelopment on this site?
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### Author:  [@TKDV](https://forum.newyorkyimby.com/u/TKDV)
#### Post date: [December 27, 2022, 9:30pm UTC](https://forum.newyorkyimby.com/t/new-york-1740-broadway-870-7th-ave-ft-floors/22245/7 "2022-12-27T21:30:13Z")
@SideStreet I’m still questioned by the accuracy of the MAS map, it say the Park Central site has a current FAR of 25.52, which is absolutely not the case. It’s zoned for 15, and has 665K “gross” (not zoned) sqft which would put it at around 19 Builtup FAR, but FAR does not calculate gross sqft, only zoned, so it would be closer to 15, (its designated FAR). I believe 1740 Broadway is also not over its FAR (the MAS map says its 17.61) as that is still including its gross sqft. Buildings “can” end up much larger than their established FAR and there are numerous examples throughout the city of that, but FAR itself is only including zoned floor area not gross (which include core areas, mechanical, etc) and _then_ gross sqft is added to the max FAR, so it skews the data.
@007 I wouldn’t say so, theres no currently planned redevelopments.
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### Author:  [@007](https://forum.newyorkyimby.com/u/007)
#### Post date: [January 17, 2024, 5:08pm UTC](https://forum.newyorkyimby.com/t/new-york-1740-broadway-870-7th-ave-ft-floors/22245/8 "2024-01-17T17:08:29Z")
> **[Blackstone’s Defaulted Loan at Midtown Office Building For Sale](https://therealdeal.com/new-york/2024/01/17/blackstones-defaulted-loan-at-midtown-office-building-for-sale/)**
>
> PNC’s Midland Loan Services tapped JLL to sell the $308 million mortgage backed by 1740 Broadway.
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### Author:  [@5Bfilms](https://forum.newyorkyimby.com/u/5Bfilms)
#### Post date: [April 26, 2024, 1:07am UTC](https://forum.newyorkyimby.com/t/new-york-1740-broadway-870-7th-ave-ft-floors/22245/9 "2024-04-26T01:07:58Z")
> **[Famed MONY tower that inspired hit song sells for a lot less cash than it...](https://nypost.com/2024/04/25/business/famed-mony-tower-that-inspired-hit-song-sells-for-a-lot-less-cash-than-it-fetched-a-decade-ago-in-troubling-sign-for-nyc-market/)**
>
> The fire-sale price reflects the crisis in the investment-sale market for commercial properties, where some office values have tumbled by up to 50%.
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### Author:  [@stache](https://forum.newyorkyimby.com/u/stache)
#### Post date: [April 26, 2024, 1:35pm UTC](https://forum.newyorkyimby.com/t/new-york-1740-broadway-870-7th-ave-ft-floors/22245/10 "2024-04-26T13:35:33Z")
Very conveniently located.
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### Author:  [@abot](https://forum.newyorkyimby.com/u/abot)
#### Post date: [April 1, 2025, 1:32pm UTC](https://forum.newyorkyimby.com/t/new-york-1740-broadway-870-7th-ave-ft-floors/22245/11 "2025-04-01T13:32:34Z")
[Yellowstone Plans 422-Unit Conversion in Midtown West](https://therealdeal.com/new-york/2025/03/31/yellowstone-plans-422-unit-conversion-in-midtown-west/)
> Yellowstone Real Estate Investments filed plans for a 422-unit residential conversion of the building at 1730 Broadway, the Commercial Observer [reported](https://commercialobserver.com/2025/03/yellowstone-office-resi-conversion-1730-broadway/). BKSK Architects was listed as the project architect on the plans filed with the Department of Buildings.
> Yellowstone purchased the 520,000-square-foot site — alternatively addressed at 1740 Broadway — from Blackstone in April for $185.9 million.
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### Author:  [@Waymond\_Womano](https://forum.newyorkyimby.com/u/Waymond_Womano)
#### Post date: [April 2, 2025, 1:11am UTC](https://forum.newyorkyimby.com/t/new-york-1740-broadway-870-7th-ave-ft-floors/22245/12 "2025-04-02T01:11:09Z")
Are skyscraper fans upset that this building will not be torn down to make room for a hypothetical supertall?
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### Author:  [@stache](https://forum.newyorkyimby.com/u/stache)
#### Post date: [April 2, 2025, 1:26pm UTC](https://forum.newyorkyimby.com/t/new-york-1740-broadway-870-7th-ave-ft-floors/22245/13 "2025-04-02T13:26:58Z")
That market is pretty saturated right now.
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### Author:  [@arctic\_camel](https://forum.newyorkyimby.com/u/arctic_camel)
#### Post date: [June 18, 2026, 5:44pm UTC](https://forum.newyorkyimby.com/t/new-york-1740-broadway-870-7th-ave-ft-floors/22245/14 "2026-06-18T17:44:57Z")
new render
[https://www.instagram.com/reuvenirealestate](https://www.instagram.com/reuvenirealestate)
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### Author:  [@MarshallKnight](https://forum.newyorkyimby.com/u/MarshallKnight)
#### Post date: [June 19, 2026, 4:49pm UTC](https://forum.newyorkyimby.com/t/new-york-1740-broadway-870-7th-ave-ft-floors/22245/15 "2026-06-19T16:49:14Z")
Now _that_ is postmodernism at its best. Honoring, and utilizing the key elements of, a beloved architectural style without being a slavish replica. I hope it turns out half as good as this rendering — choice of materials will go a long way.
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### Author:  [@5Bfilms](https://forum.newyorkyimby.com/u/5Bfilms)
#### Post date: [June 19, 2026, 7:28pm UTC](https://forum.newyorkyimby.com/t/new-york-1740-broadway-870-7th-ave-ft-floors/22245/16 "2026-06-19T19:28:41Z")
Really loving this one too, would be right at home next to Radio City.
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### Author:  [@Waymond\_Womano](https://forum.newyorkyimby.com/u/Waymond_Womano)
#### Post date: [June 22, 2026, 5:47pm UTC](https://forum.newyorkyimby.com/t/new-york-1740-broadway-870-7th-ave-ft-floors/22245/17 "2026-06-22T17:47:47Z")
> **[Madison Realty Capital Lends $480M on 1740 Broadway Office-to-Resi Conversion](https://commercialobserver.com/2026/06/madison-realty-capital-1740-broadway-manhattan-office-to-resi-conversion/)**
>
> Yellowstone Real Estate Investments secured a $480 million loan to convert Midtown Manhattan office building to apartments and condominiums
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### Author:  [@JC\_Heights](https://forum.newyorkyimby.com/u/JC_Heights)
#### Post date: [August 31, 2026, 9:46pm UTC](https://forum.newyorkyimby.com/t/new-york-1740-broadway-870-7th-ave-ft-floors/22245/18 "2026-08-31T21:46:38Z")
