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14,800 SF of Restaurant Space in Prime FiDi 25 Broad St

14,816 SF Retail Condo Unit Online Auction Sale New York, NY 10004

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Virtual Tour

Investment Highlights

  • 25 Broad Street is a prime corner commercial condo in Manhattan's Financial District, offering 14,816 SF of second generation restaurant space.
  • Currently vacant, Unit COMM A presents an opportunity for owner/user, or for an investor to capture the high Manhattan retail market demand.
  • Area boasts a dense population of over 400,000, a median income of nearly $120,000, and annual consumer spending of $6.5 billion.
  • Near luxury retailers like Hermes, Tiffany & Co., and Cipriani, with easy access to major attractions such as One World Trade Center and more.
  • Unit is highly accessible, with the Rector Street, Wall Street, and Broad Street subway stations all within a four-minute walk.
  • Second generation restaurant space with full venting in place (formerly Bobby Vans Steakhouse)

Executive Summary

25 Broad Street, Unit COMM A, is a commercial condo unit offering approximately 14,816 square feet of premium ground-level and lower-level second generation restaurant space in the heart of Manhattan’s Financial District. Situated within the prestigious Broad Exchange building at 25 Broad Street, a Class A, 21-story multifamily property, this retail unit is currently vacant with little upfront work needed. The ground floor is a former high-end restaurant with 4,325 square feet of dining area with an additional 1,000-square-foot commercial kitchen, and a 6,500-square-foot lower level that can be leased separately. Both levels offer 15-foot ceiling heights, finished dining and lower-level event space, and separate entrances directly on Broad Street. 25 Broad Street Unit COMM A presents a rare opportunity to add value to two prime commercial spaces and capture the demand in one of Manhattan’s most dynamic submarkets. The Broad Exchange is located in the Financial District (FiDi) and offers exceptional infrastructure and proximity to key amenities and transport hubs. High-end retailers like Hermes, Tiffany & Co., and Cipriani are just steps away. The area boasts numerous demand drivers, including One World Trade Center, The National 9/11 Memorial and Museum, Battery Park, and the vibrant Stone Street. The retail unit, just a short walk from the Rector Street, Wall Street, and Broad Street subway stations, benefits from unparalleled accessibility. The Financial District is a bustling area with luxury high-rise residences, trendy restaurants, and popular waterfront parks like the Battery and South Street Seaport. The local population exceeds 400,000 within a 2-mile radius, with a median income nearing $120,000 and an annual consumer spending of $6.5 billion. With a retail vacancy rate of just 0.7%—a significant 3.1% decrease from the previous year—the Financial District retail submarket is thriving. Over the past three years, rents have increased by 2.1%, with a broader market increase of 4.5% in New York. Positioned in one of the oldest and most historic areas of New York City, 25 Broad Street offers a unique opportunity to invest in a vibrant neighborhood that seamlessly blends classic architecture, modern skyscrapers, and iconic landmarks like Wall Street and the Canyon of Heroes. 25 Broad Street, Unit COMM A represents a rare chance to own a piece of Manhattan's history while capitalizing on its future growth potential.

Offering Memorandum Click Here to Access

Data Room Click Here to Access

Property Facts

Unit Size 14,816 SF
No. Units 1
Total Building Size 412,133 SF
Property Type Multifamily (Condo)
Property Subtype Apartment
Sale Type Investment
Building Class A
Floors 21
Typical Floor Size 10,900 SF
Year Built 1900
Lot Size 0.56 AC
Sale Conditions Auction Sale

1 Unit Available

Unit Comm A

Unit Size 14,816 SF
Condo Use Retail
Sale Type Investment
APN/Parcel ID 0025-1001
Walk Score ®
Walker's Paradise (100)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Very Bikeable (82)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Amenities

  • Ventilation - Venting

Unit Amenities

  • Air Conditioning
  • Cable Ready
  • Dishwasher
  • Microwave
  • Washer/Dryer
  • Granite Countertops
  • Hardwood Floors
  • Vaulted Ceiling
  • High Speed Internet Access
  • Refrigerator
  • Stainless Steel Appliances
  • Walk-In Closets
  • Skylights
  • Warming Drawer
  • Wheelchair Accessible (Rooms)
  • Window Coverings

Site Amenities

  • Clubhouse
  • Fitness Center
  • Laundry Facilities
  • Property Manager on Site
  • Doorman
  • Gameroom
  • Grill
  • Package Service
  • Community-Wide WiFi
  • Elevator
  • Lounge
  • Maintenance on site
  • Sundeck

zoning

Zoning Code C5-5, New York, (D9) (Central Commercial District, Retail Frontage)
C5-5, New York, (D9) (Central Commercial District, Retail Frontage)

Sale Advisor

Sale Advisor

(212) 776-4341
Contact
Jonathan Braun, Director
(212) 776-4341
Contact
Jonathan Braun joined Lee & Associates in 2018 as a director on the
investment sales team. Prior to coming to Lee, Mr. Braun worked on the
Capital Markets team at Venture Capital Properties.

His primary responsibilities at Lee & Associates include lead origination,
cultivating new relationships, conducting market research, and data
validation.

Mr. Braun attended the University of Nebraska – Lincoln, where he was a
member of Alpha Tau Omega and served as the fraternity’s social chair. He
is also currently enrolled in the real estate certificate program at NYU’s
School of Professional Studies.

Before entering the real estate industry, Mr. Braun was a territory sales
representative for Sandhills Global in Lincoln, Nebraska.

About the Auction Platform

Ten-X Commercial is the leading end-to-end digital transaction platform for commercial real estate. With over $26bn sold, Ten-X’s platform empowers brokers, sellers and buyers with data-driven technology and comprehensive marketing tools to expand market visibility and decrease time to close. Ten-X consistently yields trade rates at two times the industry average. Ten-X expedites the entire CRE transaction timeline by enabling brokers and sellers to tap into a digital platform that makes it easy to onboard properties, evaluate the success of complimentary omnichannel marketing campaigns and follow up on the strongest pre-qualified leads. Buyers are precision-matched with properties aligned with their investment goals, with unprecedented access to market analysis and due diligence documents to help them securely acquire properties online, with confidence.
Read More

Auction Contact

Mary Humphreys
Auctioneer License:
  • Listing ID: 33661960

  • Date on Market: 11/12/2024

  • Last Updated:

  • Address: 25 Broad St, New York, NY 10004

Transaction Fee Schedule
Based on Percentage of Winning Bid Amount.
Winning Bid Amount Transaction Fee
$0m to < $1m 5.00% ($20,000 min)
$1m to < $3m 3.00%
$3m to < $5m 2.50%
$5m to < $10m 2.25%
$10m to < $15m 2.00%
$15m to < $25m 1.75%
$25m to < $35m 1.50%
$35M to < $45M 1.00%
$45M to < $55M 0.75%
$55M and Up 0.50%
Example Calculation
Winning Bid Amount $4,000,000 Transaction Fee $100,000 (2.5%) Total Purchase Price $4,100,000

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