347 W Broadway - Apartments CONDO FOR SALE


New York, NY 10013- SoHo
$4,000,000 USD
718-971-1675
347 W Broadway, New York, NY for Sale
$4,000,000 USD
Apartments CONDO - FOR SALE
1/3
null | 4.98% Cap Rate

347 W Broadway
New York, NY 10013
SoHo


HIGHLIGHTS

  • Located in SoHo, Manhattan’s premier luxury retail corridor.
  • Fully occupied under a long-term lease through December 2031.
  • Contractual 3% annual rent escalations provide consistent revenue growth.
  • Tenant responsible for 100% of common charges and tax increases.
  • Minimal management commitment, offering a true turnkey investment.
  • High-barrier-to-entry location with strong surrounding co-tenancy and foot traffic.

OVERVIEW

347 West Broadway presents a rare opportunity to own a fully occupied ground-floor retail condominium in the heart of Manhattan’s SoHo shopping district. Positioned along one of the most prestigious retail corridors, the property combines strong real estate fundamentals with an attractive income profile. The 2,200 SF unit is leased to Jenna Perry LLC, a well-established hair salon and stylist training business, ensuring steady cash flow backed by a personal guaranty from the tenant. The lease commenced in December 2021 and runs through December 2031, featuring 3% annual rent escalations. The current annual rent is $260,981.40 and will continue to increase annually over the remaining term. The tenant assumes 100% of common area charges and real estate tax escalations, minimizing the owner’s operating responsibilities and expenses. This asset offers investors secure, predictable returns in a high-demand, supply-constrained submarket. Surrounded by world-class retail, dining, and lifestyle destinations, 347 West Broadway provides long-term stability and an exceptional address in one of New York City’s most desirable neighborhoods.

FOR SALE DETAILS

PRICE

$4,000,000 USD

PRICE/SF

$1,818 USD /SF

CAP RATE

4.98%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

11,250 SF

STORIES

7

BUILDING CLASS

C

YEAR BUILT

1910

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

M1-5B

APN/PARCEL ID

0475-1001,0475-1002,0475-1003

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.