NEW YORK, Sept. 21, 2016 /PRNewswire/ -- NYR.com/– Thomas Guss, President and Founder of New York Residence Inc., a leading residential and commercial real estate firm, is pleased to announce that the company has signed a long-term lease to occupy several thousand square feet of space at the top floor of 1501 Broadway. Financial terms of the lease were not disclosed.
Once home to the iconic Paramount Pictures, 1501 Broadway is located in the heart of Times Square and has been designated a New York City Landmark. Upon its completion in 1927, it was the tallest building in Times Square and known for its large four-faced clock near the top of the pyramidal architectural feature, with the hours indicated by five-pointed stars (forming a circle of stars as seen in the Paramount Pictures logo).
With its growing presence in the international and New York City real estate markets, New York Residence headquarters has been operating at 1501 Broadway for more than 11 years.
"Remaining in the hub of New York City further validates our priority to make New York properties widely accessible to clients around the globe," said Thomas Guss, President of New York Residence. "Given the historical reemergence of Times Square coupled with the building's prime location allows us to continue gaining international exposure in this dynamic market."
Centrally located in Manhattan, Times Square is the premier destination for New York City's theatre district, fine dining, and nightlife scenes. The neighborhood is accessed by multiple public transit lines and a wide array of cultural and entertainment venues.
New York Residence has been providing residential and commercial real estate services since its establishment in 2005. Under the leadership of Thomas Guss, the firm has grown to be one of the ten largest real estate brokerages in New York and has a unique focus on serving international clientele. The firm possesses an unsurpassed local and international network that has an expansive reach throughout the global real estate community.
New York Residence Inc.
1501 Broadway, 26th Floor
New York, NY 10036
+1 212 360 7000
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