Paramount Plaza

Owner: Rithm Capital

Acquired: January 16, 2026, $3.6 billion

Debt: December 04, 2019, $1.2 billion

Built: 1972

Renovated: 1989

SF: 2,438,059

Dwelling units: 0

No. of buildings: 1

Class: Tower Type (O4)

Floors: 48

Transactions:

• Paramount Group sold 1631 Broadway, 1301 Avenue Of The Amer, 31 West 52nd Street, 141 West 53rd Street, 712 5th Avenue, and others, Midtown West, Manhattan for $3.6 billion to Rithm Capital on January 16, 2026.

• Paramount Group borrowed $1.2 billion from Goldman Sachs for 1631 Broadway, Midtown West, Manhattan on December 04, 2019.

Development:

• David Lieberman filed major alteration job M01213721 for 2,438,059 sqft A-2 building with 0 apartments in Midtown West, Manhattan, on August 06, 2025.

• David Lieberman filed major alteration job M00779490 for 90,400 sqft B building with 0 apartments in Midtown West, Manhattan, on October 24, 2022.

• David Lieberman filed alteration job M01387884 for 35,000 sqft B building with 0 apartments in Midtown West, Manhattan, on May 20, 2026.

• David Lieberman filed alteration job M01387912 for 37,634 sqft B building with 0 apartments in Midtown West, Manhattan, on May 13, 2026.

• David Lieberman filed alteration job M01387907 for 40,000 sqft B building with 0 apartments in Midtown West, Manhattan, on May 13, 2026.

• David Lieberman filed alteration job M01387212 for 51,000 sqft B building with 0 apartments in Midtown West, Manhattan, on April 27, 2026.

• David Lieberman filed alteration job M01387126 for 51,000 sqft B building with 0 apartments in Midtown West, Manhattan, on April 27, 2026.

Litigation:

• Paramount Group filed a $1.4 million lawsuit 659492/2024 against ABM Parking Services on December 06, 2024,seeking a money judgment related to garage leaseat 1631 Broadway.

• Paramount Group filed a $1.6 million lawsuit against Equinox on July 30, 2021,seeking a money judgment related to retail leaseat 1631 Broadway.

Violations:

According to city public data, the properties have received $12,500 in ECB penalties and $8,825 in OATH penalties in the last year.

Latest Stories:

• Transfer taxes value 7 Manhattan buildings Rithm Capital bought from Paramount at $3.56B (January 20, 2026)

• Paramount Group finishes $5.8M multi-floor office rehab near Times Square (September 16, 2020)

• Paramount Group finishes $4M rehab of MongoDB-leased offices in Paramount Plaza (June 17, 2020)

• Paramount Group borrows $1.25B from Goldman Sachs, others for property in Midtown West (December 05, 2019)