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It's less than a mile. About three-quarters of a mile. The Walter Kerr Theatre is on 48th Street, between Broadway and 8th Avenue, and Grand Central Station is on 42nd Street between Park and Lexington Avenues.

In New York City, 17 to 20 street blocks (north/south blocks) equals a mile, and 5 to 10 avenue blocks (east/west blocks) equals a mile. The length of the avenue blocks varies considerably from neighborhood to neighborhood, and in the Midtown area they are pretty short.

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