NYIT Selling Building at 1855 Broadway

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.

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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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Mike Mishkin

Mike Mishkin

Founder, Editor & Owner
Mike is a native Upper West Sider. He's lived in the Lincoln Center area, Morningside Heights, and pretty much everywhere in between. You can frequently find him eating through the many great restaurants on the Upper West Side or awkwardly taking photos with his iPhone.  

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