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.