40 E Broadway - Apartments FOR SALE


New York, NY 10002- Chinatown
$6,750,000 USD
646-805-1444
40 E Broadway, New York, NY for Sale
$6,750,000 USD
Apartments - FOR SALE
1/6
null | 3.06% Cap Rate

40 E Broadway
New York, NY 10002
Chinatown


HIGHLIGHTS

  • Located on the active East Broadway Corridor with strong visibility and high foot traffic.
  • 25 feet of prominent street frontage, offering excellent branding and signage opportunities.
  • Secured by a long-term lease providing durable and predictable cash flow.
  • Recent capital improvements limit near-term maintenance and investment costs.
  • Surrounded by dense residential and mixed-use development, ensuring a steady consumer base.
  • Excellent access to New York's public transportation network, supporting sustained retail demand.

OVERVIEW

Investment opportunity at 40 East Broadway offers a rare chance to acquire a stable income-producing asset along one of Manhattan’s most active and highly visible corridors. The property sits within the heart of the East Broadway Corridor, benefiting from constant pedestrian activity, strong retail demand, and significant exposure. Its wide storefront, measuring approximately 25 feet, provides superior branding opportunities and visibility for tenants. The asset is secured by a long-term lease designed to deliver reliable, predictable cash flow with minimal near-term rollover risk. The absence of historical rent regulation enhances operational flexibility by allowing future rent adjustments in line with market conditions, supporting sustained income growth. Recent major capital improvements have significantly reduced the likelihood of near-term property improvement requirements for incoming ownership, preserving investor returns and reducing exposure to unexpected expenditures. Proximity to extensive public transit systems adds further value, supporting sustained marketability and demand from retailers. Combining durable income, long-term growth potential, and minimal operational risk, this property caters to investors seeking a low-maintenance urban retail asset with resilient upside in an irreplaceable Manhattan location.

FOR SALE DETAILS

PRICE

$6,750,000 USD

PRICE/SF

$672 USD /SF

# OF UNITS

3

PRICE/UNIT

$2,250,000

CAP RATE

3.06%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,729 SF

ZONING

C6-1G, New York

APN/PARCEL ID

0281-0018

ASK ABOUT THIS PROPERTY

Dylan ToreyMarcus & MillichapMore Info
646-805-1444

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Dylan ToreyMarcus & MillichapMore Info
646-805-1444

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