1251 Broadway
Penn Plaza, Manhattan
Parcel ID (BBL): 1008320017
Owner: Corem Property Group
Debt: May 21, 2026, $78.5 million
Built: 2020
SF: 162,494
Dwelling units: 0
No. of buildings: 1
Class: Tower Type (O4)
Floors: 22
Transactions:
• Corem Property Group borrowed $78.5 million from Corem Property Group for 1241 Broadway, Penn Plaza, Manhattan on May 21, 2026.
• None borrowed $2 million from None for 1241 Broadway, Penn Plaza, Manhattan on April 02, 2026.
• GDS Development borrowed $90 million from Deutsche Pfandbriefbank for 1241 Broadway, Penn Station, Manhattan on March 21, 2023.
Development:
• GDSNY filed new building job 121188749 for 140,834 sqft B building in Penn Station, Manhattan, on August 07, 2018.
• Michael Kirchmann filed alteration job M01246599 for 1,234 sqft 56 building with 0 apartments in Penn Plaza, Manhattan, on October 10, 2025.
• Michael Kirchmann filed alteration job M01288961 for 10,243 sqft 56 building with 0 apartments in Penn Plaza, Manhattan, on October 10, 2025.
• Michael Kirchmann filed alteration job M01228678 for 6,514 sqft 56 building with 0 apartments in Penn Plaza, Manhattan, on June 16, 2025.
• Michael Kirchmann filed alteration job M01176406 for 10,243 sqft 56 building with 0 apartments in Penn Plaza, Manhattan, on February 25, 2025.
• Michael Kirchmann filed alteration job M01165020 for 7,901 sqft 56 building with 0 apartments in Penn Plaza, Manhattan, on January 27, 2025.
Violations:
According to city public data, the properties have received $1,000 in OATH penalties in the last year.