973-769-2760
738 Broadway, New York, NY for Sale
Storefront Retail/Residential CONDO - FOR SALE
1/8
null | Request Cap Rate

738 Broadway
New York, NY 10003
NoHo


HIGHLIGHTS

  • Prime Broadway retail directly across from NYU with constant student-driven foot traffic.
  • Recently executed 10-year net lease with approximately 3% annual rent increases.
  • Tenant investing significant capital into buildout demonstrating long-term commitment.
  • Approximately 25 feet of frontage with ~15-foot ceiling heights.

OVERVIEW

EXECUTIVE SUMMARY: Marcus & Millichap is pleased to present the exclusive offering of the single tenant retail condominium at 738 Broadway (the “Property”), a prime approximately 3,850 square foot retail asset located along the Broadway corridor in NoHo, directly across from New York University. The Property is leased to Caffeena Coffee House under a recently executed 10-year net lease, providing stable long-term cash flow with built-in annual rent increases. The tenant is making a significant capital investment into the space, reinforcing long-term commitment to the location. Positioned in one of Manhattan’s most heavily trafficked retail corridors, the Property benefits from exceptional visibility, strong frontage, and continuous pedestrian traffic driven by NYU’s student population, surrounding residential density, and national retailers.

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

11,850 SF

STORIES

6

BUILDING CLASS

C

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

M1-5B

APN/PARCEL ID

0545-7504

ASK ABOUT THIS PROPERTY

Adam SteinerMarcus & MillichapMore Info
973-769-2760

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Adam SteinerMarcus & MillichapMore Info
973-769-2760

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