1657 Broadway

Location:

New York, NY

Acquisition Date:

September 2006

Size:

100,000 square feet

Asset Type:

Retail & Office

Opportunity

Madison acquired a long-term Master Lease in this property and executed a repositioning strategy which included increasing the cash flow of the asset and credit quality of the tenants, as well as enhancing the tenant mix. Madison also successfully reduced the expenses at this property by identifying operational efficiencies.