345 W Broadway - Apartments CONDO FOR SALE


New York, NY 10013- SoHo
$3,995,000 USD
718-971-1675
345 W Broadway, New York, NY for Sale
$3,995,000 USD
Apartments CONDO - FOR SALE
1/6
null | 4.76% Cap Rate

345 W Broadway
New York, NY 10013
SoHo


HIGHLIGHTS

  • Ownership of a ground-floor retail co-op unit in an established mixed-use SoHo property
  • Long-term net lease in place through December 2035 with scheduled annual rent increases
  • Tenant responsible for utilities, insurance, and real estate tax escalations above base year
  • High-visibility frontage in Manhattan’s premier luxury retail corridor
  • Surrounded by top-tier retailers and benefitting from consistent pedestrian traffic

OVERVIEW

Secure a rare SoHo retail investment with this ground-floor retail co-op unit at 345 West Broadway, Unit 101. Located within an 8-unit mixed-use building, this 2,200-square-foot retail space combines ownership stability with immediate income. The property sits along SoHo’s landmark cast-iron corridor, one of Manhattan’s most prestigious retail destinations, surrounded by luxury and independent brands that draw consistent local and tourist foot traffic. Currently occupied by The Shade NYC SoHo under a long-term net lease through December 2035, this asset provides predictable cash flow with annual rental escalations. The lease structure places responsibility for utilities, insurance, and real estate tax increases above the 2026 base year on the tenant, reducing ownership costs. Scheduled rent increases include 4.44% in Year 2 and 3% annually through Year 10, culminating in an annual rent of $357,229. Current gross annual income is $270,000, delivering a net operating income of $190,095. With an asking price of $3,995,000 and security supported by a $56,250 deposit and personal guarantors, this retail co-op opportunity offers an exceptional balance of long-term stability and income growth in a globally recognized shopping destination.

FOR SALE DETAILS

PRICE

$3,995,000 USD

PRICE/SF

$1,816 USD /SF

CAP RATE

4.76%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

15,750 SF

STORIES

7

BUILDING CLASS

C

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

M1-5A

APN/PARCEL ID

0475-0005

ASK ABOUT THIS PROPERTY

Jack CohenJA Cohen Advisory GroupMore Info
718-971-1675

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Jack CohenJA Cohen Advisory GroupMore Info
718-971-1675

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.