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.