521 Broadway - Loft/Creative Space FOR SALE


New York, NY 10012- SoHo
$32,000,000 USD
212-589-5118
521 Broadway, New York, NY for Sale
$32,000,000 USD
Loft/Creative Space - FOR SALE
1/12
null | Request Cap Rate

521 Broadway
New York, NY 10012
SoHo


HIGHLIGHTS

  • Prime SoHo frontage placed along one of Manhattan’s most trafficked retail corridors, drawing global footfall and consistent visibility.
  • Fully stabilized income stream supported by a long-term, internationally recognized flagship retail tenant.
  • Recently renovated building offering high ceilings, natural light, and modern infrastructure that enhances long-term market competitiveness.
  • Opportunity to unlock future growth as office leases roll into a strong, upward-moving SoHo creative office market.
  • Significant unused air rights allowing long-range expansion potential for investors seeking to maximize value.
  • Surrounded by luxury brands, destination dining, and premier transit access that consistently support tenant demand.

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 was renovated in 2019 and features 4 commercial office units above retail. The building is 100% occupied with a weighted average lease term (WALT) of 1.8 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. 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

$32,000,000 USD

PRICE/SF

$2,331 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

5

BUILDING CLASS

B

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,485 SF

ZONING

M1-5B/R9X, SNX

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 Notice.