98 E Broadway - Medical CONDO FOR SALE


New York, NY 10002- Chinatown
$1,800,000 USD
212-201-0944
98 E Broadway, New York, NY for Sale
$1,800,000 USD
Medical CONDO - FOR SALE
1/3
null | 4.73% Cap Rate

98 E Broadway
New York, NY 10002
Chinatown


HIGHLIGHTS

  • Full-floor commercial condominium occupied through October 2027.
  • Located along East Broadway within Manhattan's Chinatown neighborhood.
  • Immediate access to F, B, D, J, and Z subway service.
  • In-place lease includes annual rental escalations.
  • Positioned near civic, medical, and commercial destinations.
  • Located within a mixed-use building completed in 2008.

OVERVIEW

98 East Broadway presents the opportunity to acquire an occupied commercial condominium in Manhattan's Chinatown neighborhood. Located along East Broadway, the property benefits from frontage within an active mixed-use corridor that serves a dense residential population, neighborhood businesses, community institutions, and local service providers. The location offers direct access to Lower Manhattan and Brooklyn through nearby F, B, D, J, and Z subway lines, supporting long-term tenant accessibility and connectivity throughout New York City. The offering consists of the full second-floor commercial condominium unit within a larger mixed-use building completed in 2008. The space is currently occupied by Happy Wealthy Adult Daycare Center under a lease extending through October 2027, providing in-place tenancy and contractual rental income. The tenant's established occupancy, combined with annual rent escalations, offers investors a stabilized income stream within one of Manhattan's most active neighborhood commercial districts. Chinatown continues to serve as a major commercial and cultural destination with a diverse mix of retail, medical, community, and service-oriented uses. The property's proximity to civic facilities, healthcare providers, neighborhood retail, and public transportation contributes to consistent demand from local businesses and service operators. With a full-floor configuration, institutional-quality transit access, and existing occupancy, the asset provides an opportunity to acquire a commercial condominium positioned within a well-established Manhattan neighborhood.

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/SF

$561 USD /SF

CAP RATE

4.73%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

23,283 SF

STORIES

7

BUILDING CLASS

C

YEAR BUILT

2010

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,792 SF

ZONING

C6-1G

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Andy ZhouMeridian Capital Group, LLCMore Info
212-201-0944

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Andy ZhouMeridian Capital Group, LLCMore Info
212-201-0944

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