2025 Broadway (Nevada Towers)
2025 Broadway, New York, NY 10023
- Year built
- 1977
- Type
- Condop — a cooperative, The Nevada Owners, Inc., owns the residential unit of The Nevada Condominium
- Units
- 270
- Floors
- 29
- Landmark
- No
- Pets
- Permitted
- Financing
- 80 percent maximum (20 percent minimum down) per listing records
Nevada Towers is one of the structurally flexible buildings in a corridor that mostly is not. Lincoln Square's full-service stock skews toward conventional co-ops with conventional co-op restrictions; this building's condop architecture — a cooperative that owns the residential unit of The Nevada Condominium, with the commercial space held separately — supports a policy framework closer to condominium living: subletting permitted, pieds-à-terre permitted, co-purchasing and guarantors workable, 80 percent financing, no flip tax per listing records. For buyers who want a doorman tower a block from the 72nd Street express station without surrendering flexibility, the building occupies a genuinely scarce position at its price point.
The name carries more history than the 1977 concrete suggests. The triangular block held the Nevada from 1891 — a mansarded apartment hotel by Lafayette Goldstone, named in the Western fashion the Dakota had made stylish seven years earlier, and home across its decades to the full sweep of Upper West Side life that historical records preserve in unusual detail. The Nevada declined into single-room occupancy after 1948 and came down in the 1970s; builder Hyman J. Shapiro's replacement tower, designed by Philip Birnbaum & Associates, kept the name. Birnbaum — among the most prolific post-war apartment architects in the city — handled the awkward triangular site with one good move: instead of forcing the block to a Flatiron point at 70th Street, the plan bends inward to make a small plaza, which buys the northern lines open angles of light they would not otherwise have.
The 1987–88 conversion is documented in full in the offering plan on file in The Roebling Research Library: 173,509 shares across 270 apartments, sponsor Nevada Towers Associates, non-eviction terms, and the era's classic insider/outsider price split — $204 per share to the 227 tenants in occupancy against $260 to the public. That conversion vintage matters today mainly for what it produced: a shareholder-controlled building with nearly four decades of operating history and a policy stack that has stayed flexible.
Architecture and unit composition
The tower rises 29 floors in dark-brown brick — a material choice architectural records credit for aging far better than the glazed white brick of the era — over a retail base that wraps the Broadway and Amsterdam frontages. The 270 apartments run from studios through two-bedroom and convertible lines; the triangular plan multiplies corner and angled exposures, and upper floors carry open Hudson River, skyline, and boulevard views in multiple directions. Finishes vary by line: this is renovate-to-taste stock, with post-war ceiling heights and efficient layouts, priced accordingly.
Building operations
Full-service condop: 24-hour doorman, attended lobby, roof deck, central laundry, bike room, and common storage, with three passenger elevators serving the tower. The commercial base operates separately from the residential cooperative — a structural point buyers' attorneys should confirm in the financials, since it shapes how the corporation's income and expenses flow. The 1987 offering plan is on file in The Roebling Research Library and available to clients during diligence.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $141,557/yr
- Per unit / month range
- $0 – $44
What to know if you’re buying
Understand what "condop" means here before you offer. You are buying co-op shares in The Nevada Owners, Inc., which owns the residential unit of a condominium — not a condo deed. The practical result is condo-style policy (sublets, pieds-à-terre, 80 percent financing) with co-op transfer mechanics and a board application. Have your attorney walk the structure; we provide the offering plan from the Research Library.
The flexibility is the product. If you need to rent the unit out, hold it as a second home, or buy with parents or a guarantor, this building's documented posture accommodates what most Lincoln Square co-ops will not. Verify current sublet terms and fees with the managing agent — policies evolve.
Location math is unusually strong. The 1/2/3 at 72nd Street–Sherman Square is one block north; Lincoln Center is three blocks south; the Broadway retail spine runs past the front door. Buyers comparing against quieter side-street stock should weigh the convenience against avenue energy — the triangular block has no quiet side.
Price the line, not the building. The triangular plan makes exposures highly variable — plaza-facing north angles, open western light toward the Hudson on upper floors, lower-floor avenue lines. Per-foot spreads inside the building are wide and rational.
Run the carry honestly. Co-op maintenance here bundles differently than condo common charges plus taxes. Use the True Monthly Carrying Cost Calculator on the specific unit before comparing against condo alternatives.
What to know if you’re selling
Market the structure explicitly. Most buyers — and many agents — do not know what a condop permits. The listing should name the framework: sublet-friendly, pied-à-terre-friendly, 80 percent financing, no flip tax per current records. That widens the buyer pool to investors and second-home buyers your co-op neighbors cannot reach.
Sell the block's history. The Nevada name, the 1891 predecessor, the Dakota-era naming fashion — it is a better story than any other post-war tower on the boulevard has, and it differentiates marketing that would otherwise read generic.
Condition transparency wins at this tier. The building's buyer pool is value-driven and quick to discount dated finishes. Renovated units should be marketed against condo comparables; estate-condition units should be priced to the renovation math, not to hope.
Comparable buildings
If you're considering 2025 Broadway, also evaluate:
- One Sherman Square (201 West 70th Street) — the immediate post-war full-service neighbor across 70th Street
- Dorchester Towers (155 West 68th Street) — large post-war full-service stock one block south
- The Copley (2000 Broadway) — the condominium alternative directly down the boulevard
- 30 Lincoln Plaza — Lincoln Center-adjacent post-war tower; the rental-heavy comparison
- The Ansonia — the pre-war landmark condop up Broadway at 73rd; the character alternative
- 15 West 72nd Street — post-war stock at the Central Park end of 72nd Street
- One West End — the new-development condo alternative west of the boulevard, at a higher price point
The Roebling Team at Nevada Towers
The Roebling Team at Compass works Lincoln Square and the broader Upper West Side as a core practice area. We publish this building profile because Lincoln Square buyers and sellers deserve building-specific intelligence — condop mechanics, conversion documentation, and corridor-level comparables — not generic neighborhood commentary.
If you're considering a transaction at 2025 Broadway, a 30-minute consultation is the right starting point.