Leasing & tenant law · Owners & management · Deals & development · 11/02/2026
Hubb NYC Signs 11,578-SF Office Lease at Paramount Building, 1501 Broadway
Hubb NYC, a residential and retail property owner, signed an 11,578-square-foot office lease at the Paramount Building, 1501 Broadway, in Midtown. It is moving from 579 Fifth Avenue. CBRE teams represented both sides. CBRE did not disclose the rent or lease length, but it reported Midtown office asking rent averaged $85.53 per square foot in the third quarter.
Reported by Commercial ObserverRead the original ↗
What happened
Hubb NYC, a company that owns residential and retail property, has signed a lease to move its offices to the Paramount Building at 1501 Broadway in Midtown Manhattan. Commercial Observer reported the deal on 11/02/2026, citing the brokerage CBRE.
The lease covers 11,578 square feet on the fifth floor. The building is owned by Levin Management Corporation and Rosemark Management. Hubb NYC is moving from 579 Fifth Avenue, a Stawski Partners building.
CBRE did not disclose the asking rent or the length of the lease. For comparison, CBRE reported that average office asking rent in Midtown was $85.53 per square foot in the third quarter. CBRE teams worked both sides. Ryan Alexander, Sam Spillane, Graham Walter, Nicole Marshall and Jared Isaacson represented the landlord. Anthony Manginelli and Joe Fabrizi represented Hubb NYC.
Other tenants at 1501 Broadway include the pickleball club CityPickle, which signed a 37,000-square-foot lease in 07/2025, and Martha Graham Dance Company, which took 30,000 square feet for a new headquarters in 02/2025. This is a commercial office lease. The report does not describe any change to Hubb NYC's residential buildings or tenants.
Key facts
- Tenant
- Hubb NYC, a residential and retail property owner
- New office
- 1501 Broadway (Paramount Building), fifth floor, Midtown Manhattan
- Size
- 11,578 square feet
- Previous office
- 579 Fifth Avenue, owned by Stawski Partners
- Building owners
- Levin Management Corporation and Rosemark Management
- Rent
- Not disclosed. CBRE put Midtown average office asking rent at $85.53 per square foot in the third quarter.
- Brokers
- CBRE represented both the landlord and Hubb NYC, using separate teams
- Date reported
- 11/02/2026, Commercial Observer
What it means
Tenants and voucher holders
If you rent from Hubb NYC, this report does not describe any change to your apartment or lease. The company's office address may change, so confirm the current address before you mail notices, payments or complaints.
Caseworkers
If a client's landlord is Hubb NYC, check the current mailing address before sending paperwork, especially anything time-sensitive.
Landlords
This is a Midtown office deal. It has little direct bearing on small residential landlords, apart from the Midtown asking-rent figure CBRE published.
The highlights
- Hubb NYC is moving its offices from Stawski Partners' 579 Fifth Avenue.
- The space is on the fifth floor of Levin and Rosemark Management's building.
- Rent and term were not disclosed. Midtown asking rent averaged $85.53/SF in Q3.
Why it matters Landlords
A local residential owner is expanding its office footprint, a small sign of activity among NYC landlords and in the Midtown office market.
Not known yet
- When Hubb NYC will move into 1501 Broadway
- The rent Hubb NYC will pay and the length of the lease
- Which residential buildings Hubb NYC owns and how many units it has
- Whether Hubb NYC's contact address for its residential tenants will change
Background
Commercial leases in New York City are negotiated privately between businesses and building owners. They are not covered by rent stabilization or other residential tenant protections, and their rent and terms are often not made public. Separately, owners of most residential buildings with three or more units must register each year with HPD and list an owner and managing agent contact. That registration is a common way for tenants and caseworkers to find a landlord's current address.
Buildings in this story
- 579 Fifth Avenue · building facts and open city records
Summary written by Bulwark from Commercial Observer’s reporting. The original story is at commercialobserver.com. This is general information, not legal advice.
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