MONY Building
1740 Broadway | also 1748 Broadway, 208 West 56th Street, 213 West 55th Street | Midtown | built 1950
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The city photographed every building for its tax records around 1940 and again in the 1980s. NYC Municipal Archives.
Written with AI from the source each entry cites, then fact-checked.
- 1968
Tommy James spots the red MONY letters from a terrace and names his hit 'Mony Mony'
Tommy James and Ritchie Cordell had a finished track but no title and were ready to give up when James stepped onto his terrace and saw the Mutual of New York building's red, illuminated initials. He called Cordell out to look. James later joked that facing the other way might have produced a song called Hotel Taft. The single, released in 1968, reached No. 1 in Britain and No. 3 in the United States.
“I went out onto the terrace, looked up and saw the Mutual of New York building (which has its initials illuminated in red at its top).”
Source: Wikipedia
- 1969
Midnight Cowboy repeats the Mutual of New York sign as a motif in its Manhattan scenes
John Schlesinger's Midnight Cowboy premiered in New York on May 25, 1969. Its Manhattan scenes return three times to the sign atop the Mutual of New York building at 1740 Broadway. The motif carries into a Scribbage game with a socialite named Shirley, where Joe Buck's spelling of the word money matches the sign's.
“A motif featured three times throughout the New York scenes was the sign atop of the facade of the Mutual of New York (MONY) Building…”
Source: Wikipedia
- 2007
Vornado replaces the MONY sign with 8.5-foot numerals reading 1740
In December 2007 Vornado took down the MONY sign and put up the building's street number instead. The new numerals stand 8.5 feet tall, are set in the Futura typeface and are lit at night by LEDs. The tower's roof still carries the Weather Star, a 150-foot tower of lights that once signaled the next day's forecast.
Source: Wikipedia
- 2014
Blackstone buys 1740 Broadway from Vornado for $605 million
In late 2014 Blackstone acquired 1740 Broadway from Vornado Realty Trust for $605 million. The office building, about 620,928 square feet, stands on the east side of Broadway between West 55th and West 56th streets. Deutsche Bank originated a CMBS loan on the property in November 2015.
Source: commercialobserver.com
- 2022
Blackstone hands back the keys to 1740 Broadway after defaulting on its $308 million loan
Blackstone handed the keys to 1740 Broadway back to its lender in March 2022 after defaulting on a $308 million CMBS loan. Deutsche Bank had originated the loan in November 2015 as part of a securitization called BWAY 2015-1740. Commercial Observer's sources say the loan sat in special servicing for more than two years.
Source: commercialobserver.com
- 2024
Yellowstone buys the defaulted loan on 1740 Broadway and weighs a residential conversion
In April 2024 Yellowstone Real Estate bought the loan on 1740 Broadway for just under $200 million, according to Commercial Observer's sources, roughly $300 a square foot. The 620,928-square-foot building had been offices for almost 75 years, and Yellowstone was reportedly mulling a residential conversion. The firm, led by Isaac Hera, had bought the defaulted note on the New Yorker Hotel the previous September.
Source: commercialobserver.com
Further reading
- 1740 BroadwayWikipedia
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