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Multiple business from same address

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1. Full business name : Roman Malakov Diamonds
2. Current business address : 1 W 47th St. New York NY.
3. Current telephone number : 212 944 8500
4. Google Maps URL :,+New+York,+NY+10036/@40.7569912,-73.9812298,17z/data=!...
5. Website (if applicable) :


What are the implications in terms of SEO and visibility of two separate businesses selling the same product register their business with the same address. We have a similar business using the same address as ours. Is it a big deal? if yes, what is the easiest way to solve this problem with both parties reaching a compromise? Thanks in advance.