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Off Market
1/3

738 Broadway
New York, NY 10003


HIGHLIGHTS

  • Outstanding Foot Traffic Pedestrians are funneled past the Property as they travel between Washington Square Park/NYU and Astor Place/St. Marks Place/
  • Adjacent Subway Entrance An entrance to the popular Eighth Street-NYU subway station is located immediately outside of the Property.
  • New York University The Property is located across Broadway from the massive NYU campus, with 60,000 staff and students delivering strong shopping dem
  • Premium Installation The Property’s bi-level 3,877 square foot storefront is beautifully built out, with polished concrete floors, back-lit displays,
  • High Ceilings The appeal of the selling space is enhanced by the 15-foot ceilings on the ground floor and unusually generous 18-foot ceilings on lower
  • Low Taxes The Property is classed “2C” for real estate tax purposes, limiting future tax increases to the benefit of ownership.

OVERVIEW

Landmark building this two-level 3,877 square foot retail condominium unit at 738 Broadway in NoHo (the “Property”). The Property is situated at the base of the historic five-story Broadway McKenna building, which was converted to luxury residential condominiums in 2014. The storefront’s location along the east side of Broadway between Astor Place and Waverly Place enjoys truly exceptional visibility and foot traffic, with an entrance into the Eighth Street-NYU subway station immediately outside the Property. Strong year-round retail demand is delivered by NoHo’s wealthy residents, tourists, TAMI office workers, and NYU students. The Property is beautifully appointed, with a private glassed-in elevator, polished concrete floors, 15-foot ground floor ceiling heights, and 18-foot ceilings in the selling basement. The current owner/occupier, Kicks Sneaker store , has created a modern and tasteful installation that leverages the Property’s historic appeal. This offering presents a unique opportunity to acquire one of NoHo’s most attractive and well-located retail assets at a level of capital investment that is manageable for both investors and owner/occupiers.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

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TENANCY

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BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

3877

STORIES

1

YEAR BUILT

1900

SPRINKLERS

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PARKING SPACES

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LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

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APN/PARCEL ID

0545-7504