NYIT Selling Building at 1855 Broadway

  Last modified on November 29th, 2019

The New York Institute of Technology (NYIT) is selling its building at 1855 Broadway, The Real Deal first reported. They’re reportedly seeking between $80 and $100 million for the building, which they have owned since 1975.

The building stands 12 stories and measures 78,000 square feet. It’s unclear whether the future owner is most likely to convert 1855 Broadway to a residential building, create a mixed-use property, or maintain it as an office building. It is currently zoned for both office and residential use.


Located on 61st Street, NYIT’s building is surrounded by a few other new and upcoming developments:

Sources told The Real Deal that NYIT – which is based in Old Westbury, Long Island – recently decided to investment more in their Long Island campus by selling their Upper West Side building.

Only time will tell if this will become another luxury condo.

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Featured images c/o Google Street View.

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