Looking North from near Times Square, Broadway to the left and 7th Avenue to the right. (Scan from July 1981)

The Statue in the centre of the picture is of George M Cohan (1878-1942)
"Give my regards to Broadway" at Duffy Square, part of Times square, dedicated in 1959

In the 1981 picture and Along 7th Avenue is Hotel Taft on RHS.
This is a 22 storey pre-war Spanish Renaissance structure opened in 1926. It has now been renamed The Michelangelo.