| Bulding Address: | 1501 Broadway, New York NY 10036 |
| Building Name: | Paramount Building |
| Building Alternate address: | 1501 Broadway |
| Zip Code: | 10036 |
| Neighborhood: | Times Square |
| Borough: | Manhattan |
| Stories: | 32 |
| Year Built: | 1926 |
| Building Class: | A |
| Block & lot: | 01015-0029 |
1501 Broadway, known as the Paramount Building, is a historic skyscraper located in the heart of Times Square, Manhattan. Designed by the renowned architectural firm Rapp and Rapp in the Beaux-Arts and Art Deco styles, its construction lasted from 1926 to 1927 as the headquarters for Paramount Pictures, one of the major American motion picture companies of the 1920s.
The building stands at 33 stories and was constructed for $13.5 million. At its completion, it was the tallest in Times Square and served as a prominent landmark with its distinctive clock tower featuring a pyramid-like architectural design, reminiscent of the Paramount Pictures logo. This clock, with hours marked by stars, was originally painted black during WWII but restored in 1996.
The Paramount Building was officially recognized as a New York City landmark in 1988 due to its architectural significance and contribution to the development of the Times Square area as an entertainment hub. The building originally included a cinematic theater and was designed to showcase the tiered skyscraper style popular during the 1920s, with several setbacks that create a stepped silhouette.
Today, the building houses multiple tenants, including the Hard Rock Café, and stands as a testament to the early golden age of cinema and architectural innovation.
1501 Broadway, Manhattan, NYC
Also known as the Paramount Building, this Art Deco skyscraper is located at the intersection of Broadway and Seventh Avenue in the heart of Times Square.
- Address: 1501 Broadway, New York, NY 10036
- Class: Class A Office Space
- Year Built: 1927
- Architect: Rapp and Rapp
- Historical Significance: Originally the headquarters of Paramount Pictures, it was designated as a New York City Landmark in 1988.
- Total Square Footage: Approximately 880,000 square feet of office space and 90,000 square feet of retail space.
Property Details
Property taxes vary annually, with a market value of approximately $184.7 million and an assessed value around $83.1 million as of 2024-2025.
The building underwent a comprehensive $50 million renovation in 2017.
1501 Broadway, also known as the Paramount Building, offers a variety of amenities for its tenants:
- Upgraded Infrastructure: Newly renovated corridors, restrooms, and escalators enhance the building's functionality.
- Advanced Window Systems: New windows provide natural light and energy efficiency.
- Exclusive Tenant Lounge: A tenant-only Espresso and Wine Bar and Lounge is available for relaxation and casual meetings.
- Enhanced Security Measures: An advanced facial recognition system ensures a safe environment for all tenants.
- Wellness and Convenience: Amenities include a laundry facility, concierge service, full-time doorman, elevator access, package room, and live-in super.
- Accessibility: The building provides 24-hour access with multiple subway stations and the Port Authority within walking distance.
Current Tenants at 1501 Broadway, Manhattan, NYC
1501 Broadway, also known as the Paramount Building, is a prestigious office location with a diverse tenant mix. Some of the notable current tenants include:
- Hard Rock Cafe
- Flexibility Capital - a finance firm
- Levine Plotkin & Menin - a law firm
- Ballad of Mulan - a Broadway production company
- Miller Korzenik Sommers Rayman - a law firm
- Crossroads Live
- Salmen Navarro Law
At 1501 Broadway, Manhattan, NYC, the following internet providers are available:
- Lightower: Fiber internet with speeds up to 10 Gbps for both download and upload.
- Level 3 Communications: Fiber internet with speeds up to 10 Gbps for both download and upload.
- Cablevision/Lightpath: Fiber internet with speeds up to 10 Gbps for both download and upload.
Other popular internet providers in Manhattan include Verizon Fios and Astound Broadband Powered by RCN. However, their availability at 1501 Broadway specifically is not listed.
1501 Broadway, also known as The Paramount Building, is located in the heart of Times Square, Manhattan. Its cross streets are Seventh and Eighth Avenues.
The location boasts unparalleled accessibility with several public transportation options nearby:
- Subways: Times Sq-42 St (3-minute walk), 42 St-Port Authority Bus Terminal (7-minute walk), and 42 St-Bryant Pk (8-minute walk). Subway lines include the 1, M, N, Q, R, S, W, A, C, E, B, D, F.
- Buses: Stops at W 42nd St & 8th Ave, W 42nd St & 7th Ave, among others. Bus lines include M42, M55, M7, M104, and more.
- Trains: PATH trains are accessible within walking distance at major stations.
This iconic building offers 880,000 square feet of Class A office space and 90,000 square feet of retail, making it a prestigious address in Midtown Manhattan.
1501 Broadway is a "Rider's Paradise" with a Walk Score of 98 out of 100, indicating world-class public transportation and a walker-friendly environment.
