212-589-5118
521 Broadway, New York, NY for Sale
Loft/Creative Space - FOR SALE
1/12
null | Request Cap Rate

521 Broadway
New York, NY 10012
SoHo


HIGHLIGHTS

  • Elevator Building
  • Recently Renovated
  • High Ceiling Heights (12'0" - 14'8")
  • Lots of Natural Light
  • Cash Flowing
  • Long Term Upside

OVERVIEW

Cushman & Wakefield has been exclusively retained to arrange the sale of 521 Broadway, a mixed-use, elevator building located on the west side of Broadway just south of Spring Street in the SoHo neighborhood of Manhattan. The property spans approximately 13,730 gross square feet above-grade and features 4 commercial office units above retail. The building is 100% occupied with a weighted average lease term (WALT) of 1.6 years for the office component, offering prospective buyers both immediate cash flow and near-term upside with the ability to increase rents. The retail space is anchored by Manière De Voir, a world-renowned fashion brand, who just signed a long-term 10-year lease, thereby providing exceptional cash-flow stability with prestigious tenancy. The property recently underwent a significant renovation, which blends a modern, high-end design with a classic SoHo aesthetic. Along with the ±17,428 square feet of unused air rights, this offering represents a rare opportunity to acquire a fully leased, cash-flowing property with potential upside in office rents. Strategically located nearby one of the most valuable retail corridors in the entire city, the property is uniquely positioned to capitalize on Broadway’s foot traffic and Spring Street’s renowned luxury retail co-tenancy.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

ADD'L SUBTYPES

Storefront Retail/Office, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

5

BUILDING CLASS

B

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,462 SF

ZONING

M1-5B/R9X

APN/PARCEL ID

0484-0012

ASK ABOUT THIS PROPERTY

Bobby CarrozzoCushman & WakefieldMore Info
212-589-5118

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Bobby CarrozzoCushman & WakefieldMore Info
212-589-5118

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